1923. 1  90 years ago today (Oct. 15), the New York Yankees won their first ever championship. The Yankees christened their brand new stadium in the Bronx -- forever known as The House That Ruth Built -- by winning the pennant by 16 games and dispatching the neighboring Giants in six games in the World Series.
Strategic default. A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt, despite having the financial ability to make the payments.
Definition of strategic for English Language Learners. : 1  of or relating to a general plan that is created to achieve a goal in war, politics, etc., usually over a long period of time. : 2  useful or important in achieving a plan or strategy.