Definition of in default in English:
Guilty of failing to repay a loan or appear in a law court: the company is already in default on its loans
More example sentences
- Initially, I wasn't even sent the paperwork until my loans were in default.
- The company needs its debtors to sign a waiver agreement that will allow it to start talks without being in default on its loans.
- Nationwide, only 6.9 percent of loans were in default in 1998, down from 8.8 percent in 1997.
Definition of in default in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan