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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Typically, debt settlement involves pausing any creditor payments, as companies aren’t likely to negotiate unless your accounts are in default. 5. Staff, Sacramento Bee, 26 Feb. 2025 By late 2024, the number of federal student loan borrowers in default was roughly 5.5 million, the department’s memo said. Annie Nova, CNBC, 24 Jan. 2025 Rehabilitation For Federal Student Loans Rehabilitation is a program that allows borrowers to make repayment arrangements while in default on their federal student loans. Adam S. Minsky, Forbes, 30 Dec. 2024 The company is in default on several obligations, which could impact its ability to continue operations if not resolved. Quartz Intelligence Newsroom, Quartz, 12 Feb. 2025 See All Example Sentences for in default

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“In default.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/in%20default. Accessed 9 Mar. 2025.

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