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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The filing also notes that certain convertible promissory notes are currently in default, with management negotiating amendments to extend maturity dates. Quartz Intelligence Newsroom, Quartz, 14 Mar. 2025 As of early 2021, roughly one in five student loan borrowers was in default on a federal loan, according to the Pew Charitable Trusts. Shahar Ziv, Forbes, 7 Mar. 2025 But even with just interests payments being required, business owners have found themselves in default, leaving banks with a record number of unproductive loans. Jacqueline Charles, Miami Herald, 4 Mar. 2025 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 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 24 Mar. 2025.

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