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To defaulting
noun
The condition of failing to meet an obligation.
Exact(44)
Venezuela looks ever closer to defaulting on its debt.
That would lead to defaulting on some debt.
When the US came close to defaulting in 2011 it led to one agency downgrading America's credit rating.
After three years of recession, Argentina came near to defaulting on $130 billion in debt this year.
That bailout may have won Greece a temporary reprieve, but it's seen as very close to defaulting.
The company also warned that breaching the agreements would amount to defaulting on numerous other business contracts, at staggering cost.
Similar(14)
In that case, the choice would come down to defaulting and creating a new currency, or trying to default without leaving the euro zone.
To default?
Allow Greece to default?
They decide to default.
The decision led Argentina to default.
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