to default on
28
6.6
- phrasal verb
- /dɪˈfɔlt ɑn/
- Specialized
:
incumplir el pago de
- Greece's budget deficit of nine percent of GDP is too large to avoid an outright default on its national debt.
- default on loans
- default on debt
- default on payments
Never defaulted on mortgages, loans or anything.
- Never defaulted on mortgages, loans or anything.
- Carvana was literally about six months ago defaulting on their debt.
- You, you know, Argentina defaulted on its debt.
- So it's so, so if the bond defaults on you, you then use the insurance and you get paid.
- When the bank takes more losses, then eventually they might default on their own borrowings, on their own obligations.
- If Evergrand defaults on these debts, there could be all sorts of knock on effects too.
- But then who promises that the stocks value wouldn't go down and companies would not default on their bonds?
- Boom, they default, but they're defaulting on assumable loans, folks.
- And if anyone defaulted on that loan, they got their money.
- But then if you default on the debt, aren't you?
Examples
-
If developed countries default on this loan, why should developing countries have any responsibility for paying their loans either?
Academic text (2011) -
A majority of subprime auto borrowers with these purchasing characteristics default on their loans.
Academic text (2016) -
Do you know what happens when you default on a loan?
-
And by Christmas he had defaulted on his payments and the bank took his house.
-
Tenants who lost their jobs or capital had to either sell or default on their apartments.
Academic text (2004) -
In particular, when a buyer defaults on payments.
-
Ms. Williams, who supported seven children and received government aid, defaulted on her payments for a stereo.
Academic text (2018) -
The country was on the verge of defaulting on its international commitments.
Academic text (1994) -
However, the bad thing is that, well, this is risky for you because if you default on your HELOC payments, then your home will be at risk.
-
If you default on your loan, the bank may take legal action against you.
Synonyms
55
6.7
Fail to pay money you owe on a loan
Antonyms
How Delinquent
- Formal
1
5.4
- Specialized
28
6.6
- Formal
4
7.4
70
2.8
Surface Forms
Morphology
The meaning is directly and transparently derived from the verb 'default' (to fail to meet a payment) with the preposition 'on' marking the target (e.g., a loan). This is a straightforward verb + preposition construction following normal English patterns, so a learner who knows the constituent meanings can infer the MWE meaning.
Etymology
The verb default on comes from a simple image: someone defaults on a duty placed on them, like missing a loan payment. So default on means 'to fail to make a required payment'.