9 Example Sentences Showcasing the Meaning of 'Default'
The borrower faced a default on the loan due to missed payments.
When the customer continued to neglect their bills, the account went into default.
The company struggled with financial issues, ultimately leading to a default on their debts.
Despite numerous reminders, the tenant ended up in default for not paying rent on time.
The athlete faced default on their contract for violating the terms of their sponsorship deal.
The city's budget crisis resulted in a default on its municipal bonds.
The farmer experienced a default on the agricultural loan, causing setbacks in crop cultivation.
The homeowner narrowly avoided default by negotiating a modified mortgage plan.
The country's economic downturn led to a default on international loans, affecting global markets.