default on

Found in Anh - Anh (Wordnet)

Definition Verb : - To fail to fulfill a financial obligation, especially the failure to make a required payment on a debt or loan. Usage This verb is used to describe the specific action of not meeting a payment deadline or failing to repay borrowed money as agreed. It is typically followed by the object of the debt (e.g., a loan, mortgage, payment). Examples Verb : If you default on your mort...