| gen. |
debt default (Argentina has blamed the US for its debt default, calling the mediator in failed talks "incompetent". BBC. | What happens in a US debt default? BBC Alexander Demidov); default on a debt (Credit default swaps resemble an insurance policy, as they can be used by debt owners to hedge, or insure against a default on a debt. Alexander Demidov); default (a failure to do something, such as pay a debt, that you legally have to do: " Defaults on loan repayments have reached 52,000 a month. " Any default on your mortgage repayments may mean you will lose your house. " The default rate (= the number of people failing to do something) is estimated at one in ten of taxpayers. CALD Alexander Demidov) |
