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.
strategic. adj. 1. of, relating to, or characteristic of strategy. 2. important to a strategy or to strategy in general. 3. (Military) (of weapons, attacks, etc) directed against an enemy's homeland rather than used on a battlefield: a strategic missile; strategic bombing. (strÉËti dÊÉªk). adj.