default
to default (verb) -
a. Fail to pay back a loan on time
b. Fail to do something on time
in default -
* The borrower was in default.
defaulter (noun) - a person who defaults
the default (noun) - what happens unless a change is made
* The default computer settings.
by default (adj)
* By default this editor will save your file when it closes.
Example sentences:
* The creditors haven't declared them in default yet.
* The credit card industry is suffering because more and more credit card holders are defaulting on their loans.
* The company defaulted on its loan payments and went into bankruptcy.
* If you commit any breach of the conditions in this loan contract including default in payment we shall be entitled to terminate the agreement and sue you.
* As a loan officer at this bank you must decide who is likely to default on a mortgage and who will be a good risk.
* Business circumstances can change quickly and un-expectedly and can often lead to default.
* Get a lawyer immediately if you receive a default notice from the creditor.
* The US Government just does not, cannot and will not default. President Reagan once quipped: "What if they shut down the US government?"
* The default risk of this loan is almost zero.
* There's virtually no chance these bonds will default unlike corporate and municipal bonds.
* The borrowers are unlikely to default.
* These extra charges will offset higher rates of default.
* Eight countries are in default to the bank which specializes in aid projects to developing countries.
* The default rate on real estate loans this year is quite high.
* You are in default if you fail to comply with the terms of this contract.
* He won the game by default because the other contestant failed to show.
* If he dies without heirs, the inheritance goes to the government by default.
