date of default

USAGE SUMMARY

The phrase "date of default" is correct and usable in written English.
It is typically used in legal and financial contexts to refer to the specific date on which a borrower fails to meet their payment obligations. Example: "The lender issued a notice of default on the loan, indicating that the date of default was set for March 15, 2023."

✓ Grammatically correct

News & Media

Academia

Science

Human-verified examples from authoritative sources

Exact Expressions

6 human-written examples

How and whether the fiscal cliff is resolved will affect how much time the Treasury has in pushing back the date of default.

The Washington Post

Typically, a debt buyer sends a law firm an electronic database that contains various data about consumers, including name, home address, the outstanding balance, the date of default and whether interest is still accruing on the account.

The New York Times

L. 88 560, § 105(a)(5), substituted ": Provided, That debentures issued pursuant to claims for insurance filed on or after September 2 , 1964shall be dated as of the date of default or as of such later date as the Commissioner, in his discretion, may establish by regulation.

Cornell University

All such debentures shall be dated as of the date of default as determined in accordance with subsection (d) of this section, and shall bear interest from such date at a rate established by the Secretary pursuant to section 1715o of this title, payable semiannually on the 1st day of January and the 1st day of July of each year, and shall mature twenty years after the date thereof.

Cornell University

All such debentures shall be dated as of the date foreclosure proceedings were instituted, or the property was otherwise acquired by the mortgagee after default: Provided, That debentures issued pursuant to claims for insurance filed on or after September 2 , 1964shall be dated as of the date of default or as of such later date as the Secretary, in his discretion, may establish by regulation.

Cornell University

As a result of Respondent's alleged breach, Claimant requested damages of $631,473.56 plus interest at the rate of 7% per annum from the January 5 , 2009 date of default, attorneys' fees, and costs.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

In an analysis released Wednesday, the Bipartisan Policy Center predicted that the Treasury would run up about $450 billion in additional debt during that period and that the date of potential default would be postponed at least until the end of July.

The Washington Post

With a grace period of 30 days, the date of technical default is the end of July.

BBC

Hence we should infer that the Tables in Umbrian alphabet were at all events older than 90 B.C. (ii) For an upper limit of date, in default of definite evidence, it seems imprudent to go back beyond the 5th century B.C., since neither in Rome nor Campania have we any evidence of public written documents of any earlier century.

University of Chicago

Contact numbers of the individual patients were collected to do follow up and to remind patients of PEP scheduled date in case of default.

BMC Health Services Research

Mr. Bailey said that to date, a majority of defaulting owners had paid up once his firm had filed a lien.

The New York Times

Expert writing Tips

Best practice

In correspondence with borrowers, clearly state the "date of default" to avoid confusion and provide a definitive reference point for further actions.

Common error

Do not mistake the end of a grace period for the "date of default". The "date of default" is the day the payment was originally due, regardless of any grace periods.

Linguistic Context

The phrase "date of default" functions as a noun phrase, specifically identifying a specific point in time when a financial or contractual obligation was not met. It is typically used in legal and financial contexts. Ludwig examples illustrate its use in specifying when interest begins accruing or when certain rights are triggered.

Expression frequency: Uncommon

Frequent in

News & Media

33%

Academia

33%

Science

11%

Less common in

Formal & Business

0%

Encyclopedias

0%

Wiki

11%

Ludwig's WRAP-UP

The phrase "date of default" is a noun phrase that specifies the exact date a borrower failed to meet their financial obligations. Ludwig AI confirms it's grammatically sound and suitable for formal contexts like legal and financial documents. It is most commonly found in news, academic and scientific publications. For alternative phrasing, consider "default date" or "date of non-payment". When using this phrase, ensure you are referring to the original due date, not the end of a grace period.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Default date

Reorders the words for brevity while maintaining the original meaning.

Date of non-payment

Replaces 'default' with a synonym, clarifying the missed payment.

Due date of default

Specifies that the date is related to when the default was expected.

Date of breach

Uses the legal term 'breach' to describe the failure to meet obligations.

Date of failure to pay

Expands 'default' to explicitly state the failure to make payment.

Date when obligation was unmet

Rephrases 'default' to indicate the obligation wasn't fulfilled.

Date of delinquency

Uses 'delinquency' to refer to the state of being behind on payments.

Date of the missed payment

Focuses on the missed payment event instead of the state of default.

Date of non-compliance

Highlights the failure to comply with the agreement.

Effective default date

Adds 'effective' to clarify when the default is officially recognized.

FAQs

How to use "date of default" in a sentence?

You can use "date of default" to specify when a borrower failed to meet their payment obligations. For example: "The lender issued a notice of default, stating that the "date of default" was January 1, 2025."

What can I say instead of "date of default"?

You can use alternatives like "default date", "date of non-payment", or "date of breach" depending on the context.

Which is correct, "date of default" or "default date"?

Both "date of default" and "default date" are correct and understandable. "Date of default" is slightly more formal, while "default date" is more concise.

What's the difference between the "date of default" and the date of foreclosure?

The "date of default" is when the borrower initially missed a payment. The date of foreclosure is a later date when the lender begins legal proceedings to take possession of the property due to continued non-payment.