in default

idiom

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

Examples of in default in a Sentence

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Redline says that the Colliers have not responded to the lawsuit filed in September and should be found in default. Briah Lumpkins, Charlotte Observer, 24 Jan. 2025 Those who aren’t already in default should contact their loan servicer to avoid that outcome, Mayotte said. Annie Nova, CNBC, 24 Jan. 2025 What Happens Next Borrowers with private student loans are ineligible for federal student loan forgiveness or other programs offered by the U.S. government, while people in default on private loans may not see much change in how lenders pursue repayment. Paul Du Quenoy, Newsweek, 1 Jan. 2025 The filing also details various financial agreements, including convertible notes and notes payable, some of which are in default. Quartz Bot, Quartz, 14 Jan. 2025 See all Example Sentences for in default 

Dictionary Entries Near in default

Cite this Entry

“In default.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/in%20default. Accessed 30 Jan. 2025.

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