in default


: having missed a payment that is due
She's in default on her loan.

Example Sentences

Recent Examples on the Web Failure to pay for the item will result in default. Ananya Bhattacharya, Quartz, 16 Jan. 2023 Columbia said that Twitter was in default of its lease as of Dec. 21 in the lawsuit filed in State Superior Court in San Francisco last week. Roland Li, San Francisco Chronicle, 3 Jan. 2023 If investors don’t receive the $100 million in payments in their accounts by May 27, Russia will enter a 30-day grace period to remit the funds, after which point the country could be called in default by its creditors. Andrew Duehren, WSJ, 18 May 2022 This included: no mandatory federal student loan payments; 0% interest rates on federal student loans; and no collection of student loans in default. Zack Friedman, Forbes, 17 May 2022 Being in default can have serious, negative repercussions throughout a borrower's financial life. Alicia Adamczyk, Fortune, 13 Apr. 2022 Long Beach, which owns the ship and the property around it, said Friday that Eagle Hospitality has been in default of several provisions of the lease, including failure to maintain the aging ship. Hugo Martín, Los Angeles Times, 4 June 2021 One important way banks can prepare is by reducing exposure to Treasury securities – some or all of which could be considered to be in default once the U.S. exhausts its ability to pay all of its bill. John W. Diamond, Fortune, 16 May 2023 Already, Veritas, the largest landlord in San Francisco, is in default on loans for some of its 95 buildings in the city. Carolyn Said, San Francisco Chronicle, 15 May 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'in default.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Dictionary Entries Near in default

Cite this Entry

“In default.” Dictionary, Merriam-Webster, Accessed 9 Jun. 2023.

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