DEFAULT definition and meaning | Collins English Dictionary If a person, company, or country defaults on something that they have legally agreed to do, such as paying some money or doing a piece of work before a particular time, they fail to do it The credit card business is down, and more borrowers are defaulting on loans [VERB + on] The company defaulted on its initial payment of £40 million
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
Defaulted - definition of defaulted by The Free Dictionary Define defaulted defaulted synonyms, defaulted pronunciation, defaulted translation, English dictionary definition of defaulted 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
default - WordReference. com Dictionary of English to fail to meet financial obligations or to account properly for money in one's care: When he defaulted in his payments, the bank foreclosed on the car Law to fail to appear in court
Defaulted Definition Meaning | YourDictionary Simple past tense and past participle of default If he defaulted he paid five-fold But some cities defaulted, and they were apparently among those assigned to Malichus Investment mortgages are more likely to be defaulted on than mortgages for primary residences The site is defaulted to show links to specific posts in the search results