default on payments - Meaning, Image, Examples & Etymology - Learn English Visually - Langimage

English

Please enable JavaScript: How to enable

Word Image

default on payments

B2

fail to make the required payments on a debt or loan.

Meanings

fail to make the required payments on a debt or loan.

The company defaulted on its loan payments, leading to bankruptcy.

Synonyms

miss paymentsfail to payneglect payments

Antonyms

pay on timesettle debtsmeet obligations

to not fulfill a financial obligation as agreed upon in a contract.

If you default on your mortgage payments, the bank may foreclose on your home.

Synonyms

breach contractnon-payment delinquency

Antonyms

fulfill contracthonor agreementcomply with terms

Examples

Check in Movies

Check on YouTube

Last updated: 2025/01/11 11:55