default

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default,

n 1. an omission of that which should be done.
v 2. to fail to fulfill an obligation or a promise.
References in periodicals archive ?
Kanpur (Uttar Pradesh) [India], Feb 19 ( ANI ): Rotomac Pens owner Vikram Kothari's lawyer Sharad Kumar Birla on Monday rejected reports of fraud committed by his client, adding that it was a case of loan default.
New Delhi/Kanpur: The Rotomac loan default case would touch Rs36.
Kenyans are paying a high price for the economic slowdown experienced last year due to political uncertainty and poor weather, with most losing property to auctioneers due to loan defaults.
Loan Default Account: Future defaults are covered through the available loan default account, funded for about $8.
The national average for a loan default rate is about 14 percent.
LAHORE -- The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has offered help to the banking sector for controlling loan defaults and increasing percentage of recovery.
Department of Education, for fiscal year 2004 the national average student loan default rate rise to 5.
Despite the growing list of anecdotal horror stories which are heard from the Buy Side about sharply discounted secondary market valuations for CSFTs--structures, mind you, which often carry investment-grade ratings from the major credit rating agencies--the data for loan defaults and related losses at banks remain well below historical norms.
The disease of loan defaults took killing proportions from the late 1980s but systematic data are available only for the last few years.
CHICAGO -- Navigant (NYSE: NCI) today released a policy brief by Navigant Economics that suggests the leakage of funds in 401(k) plans due to involuntary loan defaults may be as high as $37 billion per year nationwide, depending on the source of the data on loans outstanding and the assumed 401(k) loan default rate.
institutional term loan default rate will end 2018 at 2.