单词 | to default on |
释义 | > as lemmasto default on (also upon) b. intransitive. To fail or refuse to meet one's financial commitments; to be unable to repay money owed. Often in to default on (also upon): to fail to repay (a debt, loan, etc.). ΘΚΠ society > trade and finance > management of money > insolvency > [verb (intransitive)] > fail to meet obligations waddle1771 default1859 1859 N.Y. Times 11 Mar. 8/5 The young city of Racine, in Wisconsin, following the bad examples of other corporations of the State,..has defaulted upon its bonds. 1885 Truth 11 June 925/2 To insist upon Egypt paying her creditors, and to let Turkey default to hers is a palpable contradiction. 1886 Manch. Examiner 9 Jan. 5/1 Last year..44 companies, with 8,386 miles of main line, defaulted and passed into receiverships. 1941 B. U. Ratchford Amer. State Debts iv. 99 While only nine states defaulted, several others barely avoided it. 1993 Guardian 17 July 31/8 All banks pass on ‘black’ information, where a customer has defaulted on their loan or credit line. 1998 Econ. Devel. & Cultural Change 46 618 The financial institution must be aware of the risk that a group may collude to default strategically. 2012 N. Silver Signal & Noise i. 20 Mortgage-backed securities, financial instruments that allowed investors to bet on the likelihood of someone else defaulting on their home. < as lemmas |
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