default
- The act of not doing something that is required either by a contract or the law
- The inability to fulfill the conditions put forth in a loan or security agreement, particularly regarding the repayment of the debt
- A significant delay in carrying out a task or obligation as stated in a contract, acknowledged by the other party involved
- The act of not actively defending oneself when a legal charge is brought forward, such as by not submitting legal documents or not appearing in court when required
- The tenant was in default for not paying rent for the past three months.
- Without making regular payments on her student loan, Jane was at risk of default.
- When the respondent did not appear in court, the judge noted the default.
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