default
74
5.2
- noun
- /dɪˈfɔlt/
- Specialized
:
impago
- Indonesian President Suharto was forced to accept a bailout from the IMF to avoid a default.
- default rate
- risk of default
- loan default
Well, that would cause a failure and there would be defaults all along the line.
- Well, that would cause a failure and there would be defaults all along the line.
- These suppliers might need some sort of bailout in the event of a default.
- These lawsuits all come from before Evergrand's official default.
- You go right at it and you say institutions are responsible for a percentage of the defaults of students who came to their place.
- So you lose through inflation instead of through an honest default.
- And what's most concerning is watching the the repayment rate at the default rate.
- And the outcome of that was then that AIG financial products loaded up on credit default swaps.
Examples
-
After all, bond returns themselves are highly dependent on the risk of default.
Academic text (2012) -
New York City's still facing default.
-
Most have done so; the default rate is less than 1 percent.
Academic text (1995) -
Since banks passed on the risk, they were less worried about a default.
Academic text (2008) -
The house and all their assets, including your father's practice, are property of the bank in default of the loan.
-
A director might then take action to secure additional credit lines to forestall a potential default.
Academic text (2011) -
Greece's budget deficit of nine percent of GDP is too large to avoid an outright default on its national debt.
Academic text (2012) -
In the event of default, OCP shall have the uncontested right of foreclosure on all city assets.
-
Many homeowners are worried about the risk of default if they cannot make their mortgage payments.
-
The company faced financial troubles that led to a significant default on its bonds.
Synonyms
7
6.8
Failure to pay money owed for a loan or credit card by the due date
3
4.1
Someone does not pay money they owe
A failure to pay money that is due
Antonyms
Compounds
- Formal
3
7.4
An order by a court that gives the plaintiff the case when the defendant does not respond or appear
- Formal
A court decision for one side when the other side does not appear or reply
How Serious
- Specialized
315
4.1
- Specialized
12
6.8
- Specialized
74
5.2
103
2.7
Surface Forms
Etymology
Default comes from old words that mean 'failure' or 'lack' and is related to the common word fault. So a financial default is a 'failure' to repay a debt.