Sentence examples for are defaulting from inspiring English sources
noun
The condition of failing to meet an obligation.
- He failed to make payments on time and is now in default.
They are defaulting on cemetery plots — and thousands face being evicted from them.
Many used riskier loans, which are defaulting faster than more conventional mortgages.
"If two people are defaulting in a 200-unit building," Mr. Finkelstein said, "you can probably exercise some leniency.
When borrowers are defaulting in droves, as they are now, loan servicing becomes much more complex and laborious.
The explanation for the disappointing results was simple and stark: more people are defaulting on their credit card loans.
They are not evil or irresponsible; they are defaulting because — for anyone with an already compromised credit rating — it is the economically prudent thing to do.
Ross has no income, his tenants are defaulting on the rent, debts are mounting, the house is mortgaged, interest is 40%.
But an increasing number of people are defaulting because of the "tricks and traps" — soaring interest rates and hidden fees — in the credit card business.
As unemployment rises and the recession takes its toll, borrowers are defaulting on their credit card and mortgage payments at an alarming pace.
I was defaulting on the mortgage.
Or it can be defaulted on.
