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Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
Monica Abbott
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What does default mean in financial terms?
It means that the borrower did not pay as promised. It means you are in default on the loan.
Does default means not pay?
Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
Is it illegal to not pay your mortgage?
No its not illegal but you will default if you don't pay and that means you'll lose your house and get bad credit.
What does default refer to-?
the failure to pay back a loan
Does not pay?
Overhead
What is loan default?
If you don't pay a loan when due, you default on the loan.
How do you use the word defaulted in a sentence?
He wasn't paid that month, so he defaulted on his debt.
You sued for default loan what shall you do?
Pay or fight. A default judgment is about the worst outcome.
Is there a single word which means 'by default'?
According to dictionary.com, there does not appear to be a single word that means "by default".
To fail to pay a loan or mortgage?
default
What is the failure to pay back money?
default
What is failure to pay mortgage called?
Default.
