Default ( noun , verb )

(As a noun)

Default ( noun )

Failure to fulfill an obligation, especially to repay a loan.

Origin:

Late middle english; from old french defaute, from latin defectus "failure, shortage", from deficere "fail, be lacking".

Examples:

1. The company was in danger of defaulting on its loans.
2. The government was facing the risk of default.
3. The borrower had defaulted on their mortgage payments.
4. The investor was concerned about the default rate on bonds.
5. The default notice was sent to the borrower.

(As a verb)

Default ( verb )

Failure to fulfill an obligation, especially to repay a loan.

Origin:

Late middle english; from old french defaute, from latin defectus "failure, shortage", from deficere "fail, be lacking".

Examples:

1. The company was in danger of defaulting on its loans.
2. The government was facing the risk of default.
3. The borrower had defaulted on their mortgage payments.
4. The investor was concerned about the default rate on bonds.
5. The default notice was sent to the borrower.