DEFAULTING Definition Meaning - Merriam-Webster Noun The defendant has made no appearance in the case and is in default You can enter your own settings or use the defaults Which font is the default in that computer program? Verb If the borrower defaults, the bank can take the house The program defaults to a standard font
Defaulting - definition of defaulting by The Free Dictionary Define defaulting defaulting synonyms, defaulting pronunciation, defaulting translation, English dictionary definition of defaulting n 1 Failure to perform a task or fulfill an obligation, especially failure to meet a financial obligation: in default on a loan 2 Law Failure of a party
What Happens When I Default On A Loan - CNBC Here's what happens when you default on a loan — and how you can avoid it A default happens when you have skipped one or several payments in a row on a loan or credit card Since defaulting can
defaulting - WordReference. com Dictionary of English failure to act, esp failure to pay one's debts: to face financial default Sport failure to appear for or complete a match: progressed into the finals because of his opponent's default
DEFAULT Definition Meaning | Dictionary. com failure to act; inaction or neglect They lost their best client by sheer default Finance failure to meet financial obligations, as when a borrower misses or stops making monthly loan payments A default on your mortgage can lead to losing the house
Default (finance) - Wikipedia In finance, default is failure to meet the legal obligations (or conditions) of a loan, [1] for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity A national or sovereign default is the failure or refusal of a government to repay its national debt
Defaulting on Debt: What It Means and How to Bounce Back What exactly is defaulting? In simple terms, defaulting means not paying back money you owe to creditors according to the agreed-upon repayment terms For credit cards and loans, it typically happens after missing a certain number of consecutive minimum payments (often 3-6 months)