Last to Default tee

**"Last to default"** refers to a financial term used in the context of credit portfolios or structured finance products, like collateralized debt obligations (CDOs). It describes the entity or security that is the least likely to default in a group of assets or loans.

In such structures, there are multiple layers, or **tranches**, with varying levels of risk:
- The **first-to-default** tranche is the riskiest, meaning it will take the first losses if any assets in the portfolio default.
- The **last-to-default** tranche (often called the "senior" tranche) is the safest, because it will only experience losses after all the other tranches have been wiped out by defaults.

Appeal that you are the last to default, safest and creditworthy person on the earth.

• 100% cotton
• Sport Grey is 90% cotton, 10% polyester
• Ash Grey is 99% cotton, 1% polyester
• Heather colors are 50% cotton, 50% polyester
• Fabric weight: 5.0–5.3 oz/yd² (170-180 g/m²)
• Open-end yarn
• Tubular fabric
• Taped neck and shoulders
• Double seam at sleeves and bottom hem
• Blank product sourced from Honduras, Nicaragua, Haiti, Dominican Republic, Bangladesh, Mexico