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1 default
A n1 (failure to keep up payments on mortgage, loan) non-remboursement m (on de) ; (failure to pay fine, debt) non-paiement m (on de) ; your home is at risk in the event of a default votre habitation est menacée en cas de non-paiement ; to be in default of payment être en cessation de paiement ; the company is in default la compagnie manque à ses engagements ;C vi1 ( fail to make payments) ne pas régler ses échéances ; to default on payments ou on a loan ne pas régler les échéances d'un emprunt ; to default on a fine ne pas payer une amende ; to default on one's obligations manquer à ses engagements ; to default on a promise ne pas tenir une promesse ;2 Jur ( fail to appear in court) ne pas comparaître.D by default adv phr ( automatically) [choose, select] par défaut ; to win by default gagner par forfait ; to be elected by default être élu en l'absence de tout autre candidat. -
2 endowment
FINANCE (action, fund) dotation fendowment fund fonds m de dotation;endowment insurance assurance f en cas de vie ou à dotation;endowment mortgage prêt-logement m lié à une assurance-vie;endowment policy assurance en cas de vie ou à dotationThe endowment mortgage crisis has escalated in the past year with three in five borrowers now told their investment policy will not pay off their home loan. Figures to be published this week by the Association of British Insurers will show that life assurers have issued "red" or "amber" warning letters to 60 per cent of endowment mortgage holders telling them to save more. If borrowers do not take action they are likely to face shortfalls of thousands of pounds when their mortgage comes to an end and the endowment is not enough to pay off the loan.
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