verb
- failing to fulfill an obligation, especially to repay a debt or appear in court
Usage: present participle of ‘default’
Examples
- The company is defaulting on its loan payments.
- Several homeowners are defaulting on their mortgages.
- He was defaulting on his court appearance.
- The borrower is defaulting due to financial hardship.
- Banks are concerned about customers defaulting on credit cards.
- The defendant is defaulting by not showing up to trial.