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.
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.
If you don't pay a loan when due, you default on the loan.
default
default
Default.
It means that the borrower did not pay as promised. It means you are in default on the loan.
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.
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.
the failure to pay back a loan
Overhead
If you don't pay a loan when due, you default on the loan.
He wasn't paid that month, so he defaulted on his debt.
Pay or fight. A default judgment is about the worst outcome.
According to dictionary.com, there does not appear to be a single word that means "by default".
default
default
Default.