Definition of in default
:having missed a payment that is due
- She's in default on her loan.
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Word by Word Definitions
default
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: failure to do something required by duty or law : neglect
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: fault
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: a failure to pay financial debts
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: to fail to fulfill a contract, agreement, or duty: such as
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: to fail to meet a financial obligation
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: to fail to appear in court
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