default on payments
11default — de|fault1 [ dı fɔlt ] noun ** 1. ) count the way that something will appear or be done if you make no other choice, especially on a computer: Did you change the defaults on your e mail set up? The default drive is C. 2. ) count or uncount FORMAL… …
12Default notice — All credit applications (e.g., personal loans, credit cards or store cards) opened in the United Kingdom are regulated by the Consumer Credit Act 2006. This piece of legislation requires that creditors must issue a default notice to any customer… …
13default — /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… …
14Default — 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… …
15Default Notice — All credit applications (Eg personal loans, credit cards or store cards) opened in the United Kingdom are regulated by the Consumer Credit Act 2006. This piece of legislation requires that creditors must issue a Default Notice to any customer who …
16Default Risk — The event in which companies or individuals will be unable to make the required payments on their debt obligations. Lenders and investors are exposed to default risk in virtually all forms of credit extensions. To mitigate the impact of default… …
17default — 1 noun 1 by default if you win a game, competition etc by default, you win it because your opponent did not play or because there were no other competitors 2 (U) formal failure to do something that you are supposed to do according to the law or… …
18Default Rate — This rate can be used in reference to two main things: 1. The rate of borrowers who fail to remain current on their loans. It is a critical piece of information used by lenders to determine their risk exposure and economists to evaluate the… …
19default risk — The risk arising from the chance that debtors will not make promised payments either on time or in full. Also called credit risk. American Banker Glossary The risk that an issuer of a bond may be unable to make timely principal and interest… …
20default — Synonyms and related words: AWOL, French leave, abscondence, absence, absence without leave, absentation, absenteeism, absenting, arrear, arrearage, arrears, back debts, back payments, bad debt, be absent, be bereaved of, be caught napping, be… …
