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to default on one's payments

См. также в других словарях:

  • default — de·fault /di fȯlt, dē ˌfȯlt/ n [Anglo French defalte defaute lack, fault, failure to answer a summons, from defaillir to be lacking, fail, from de , intensive prefix + faillir to fail] 1: failure to do something required by duty (as under a… …   Law dictionary

  • Default (finance) — Finance Financial markets Bond market …   Wikipedia

  • Default trap — The default traps in sovereign borrowing refers to the idea that once a country falls into a default, it is more likely to default again in the future, compared to another country with identical future output ability. The idea of default traps is …   Wikipedia

  • default — /dɪ fɔ:lt/ noun 1. a failure to carry out the terms of a contract, especially failure to pay back a debt ♦ in default of payment with no payment made ♦ the company is in default the company has failed to carry out the terms of the contract 2. ♦… …   Dictionary of banking and finance

  • default — 01. They lost their house after [defaulting] on their mortgage. 02. They [defaulted] on their loan, so their credit rating is really bad now. 03. The company has [defaulted] on its payments once again, and is expected to declare bankruptcy. 04.… …   Grammatical examples in English

  • default — /di fawlt /, n. 1. failure to act; inaction or neglect: They lost their best client by sheer default. 2. failure to meet financial obligations. 3. Law. failure to perform an act or obligation legally required, esp. to appear in court or to plead… …   Universalium

  • Default — 1. The failure to promptly pay interest or principal when due. Default occurs when a debtor is unable to meet the legal obligation of debt repayment. Borrowers may default when they are unable to make the required payment or are unwilling to… …   Investment dictionary

  • Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …   Wikipedia

  • Sovereign default — A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full. It may be accompanied by a formal declaration of a government not to pay (repudiation) or only partially pay its debts (due… …   Wikipedia

  • UK default charges controversy — The UK default charges controversy is an on going issue in consumer law, relating to the level of fees charged by banks and credit card companies for late or dishonoured payments, exceeding credit limits, etc.Legal backgroundA personal account… …   Wikipedia

  • Universal default — is the term for a practice in the financial services industry for a particular lender to change the terms of a loan from the normal terms to the default terms (i.e. the terms and rates given to those who have missed payments on a loan) when that… …   Wikipedia

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