in default

idiom

: having missed a payment that is due
She's in default on her loan.

Examples of in default in a Sentence

Recent Examples on the Web
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The Department would assess whether a borrower is highly likely to be in default or experience similarly severe negative and persistent circumstances. Brett Rowland | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 27 Oct. 2024 Some people with student loans could receive forgiveness without an application, with the Education Secretary providing one-time relief to borrowers whom the agency determines have an 80% chance of being in default within two years, Cardona said. Aimee Picchi, CBS News, 25 Oct. 2024 Millions of borrowers in default on their federal student loans had been shielded from normal collections activities during the Covid-19 forbearance, which began in March 2020 and lasted for three and a half years. Adam S. Minsky, Forbes, 16 Oct. 2024 Starting next year, borrowers who fall behind on their student loan payments or remain in default will start to experience significant repercussions. Adam S. Minsky, Forbes, 16 Oct. 2024 See all Example Sentences for in default 

Dictionary Entries Near in default

Cite this Entry

“In default.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/in%20default. Accessed 22 Nov. 2024.

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