declaration of default

USAGE SUMMARY

The phrase "declaration of default" is correct and usable in written English.
It is typically used in legal or financial contexts to indicate that a party has failed to meet their obligations, such as failing to make a payment on a loan. Example: "The bank issued a declaration of default after the borrower missed three consecutive payments."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

Negotiations are complicated by the fact that a declaration of default by the ratings agencies could cause a dangerous escalation of the crisis.

The New York Times

In the non-judicial foreclosure process: The lender issues a Declaration of Default to the trustee, which authorizes them to file a Notice of Default (NOD) to the homeowner.

WikiHow

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

Notice of Default is very clear: you have defaulted, you are in default, you are defaultive.

The New York Times

Risk of Default.

Science Magazine

Types of Default There are two commonly-known types of default that involve co-ops: mortgage defaults and technical defaults.

Forbes

Full taxability of default gains.

Business Research

Year of default: 1998.

Los Angeles Times

In addition to the description of the behavior by guarded actions and default reactions, AIF contains more information such as the declaration of variables and the input/output interface of the described synchronous system.

EURASIP Journal on Embedded Systems

The mapping isn't perfect: if it were, the declaration of Facebook's dedication to privacy would have to be of almost infinite size, since the default amount of privacy Facebook now offers is practically zero.

The Guardian - Opinion

Answer: "The Declaration of Independence".

The New York Times - Magazine

"This Universal Declaration of Human Rights . . .

The New Yorker

Expert writing Tips

Best practice

When using the phrase "declaration of default", ensure that the context clearly indicates which party is declaring the default and the specific obligations that have been breached. This provides clarity and avoids ambiguity.

Common error

Avoid using "declaration of default" interchangeably with "notice of default" without understanding the context. A "declaration" often implies a formal, official statement, while a "notice" simply informs about the default. Use the term that best fits the formality of the situation.

Linguistic Context

The phrase "declaration of default" functions as a noun phrase, typically acting as the subject or object of a sentence. It signifies a formal announcement or assertion that a party has failed to meet its obligations, as confirmed by Ludwig.

Expression frequency: Rare

Frequent in

News & Media

33%

Wiki

33%

Science

34%

Less common in

Encyclopedias

0%

Reference

0%

Social Media

0%

Ludwig's WRAP-UP

In summary, “declaration of default” is a noun phrase used to formally announce a breach of contract, particularly in legal or financial contexts. Ludwig AI confirms its grammatical correctness and its use in professional and neutral settings. While related terms like "notice of default" exist, “declaration of default” signifies a more formal assertion. Common errors involve confusing it with simpler notifications, underscoring the importance of using the term that best reflects the formality required by the context. Despite its limited occurrence, understanding its implications is crucial in related fields.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

notice of default

Focuses on the notification aspect of the default event.

default notice

A more concise way to refer to a notice of default.

notification of default

Emphasizes the act of informing about the default.

declaration of breach

Highlights the breaking of an agreement or obligation.

notice of violation

Similar to default, but used in a broader context of rules or agreements.

statement of non-compliance

Formal declaration that a party has not met specific requirements.

default announcement

Stresses the public or official announcement of the default.

claim of default

Highlights that the default is being asserted or alleged.

finding of default

Implies a formal determination or judgement that a default has occurred.

determination of default

Focuses on the process of deciding that a default has happened.

FAQs

What is the difference between "declaration of default" and "notice of default"?

A "declaration of default" is a formal assertion that a default has occurred, often carrying legal weight. A "notice of default" is simply an alert that a default event has happened or is about to happen if the issue is not resolved.

When is it appropriate to use "declaration of default"?

Use "declaration of default" when you need to emphasize the formal and official recognition of a default, especially in legal or financial contexts.

What are some alternative phrases for "declaration of default"?

Alternatives include "notice of default", "default notice", or "notification of default", depending on the specific nuance you want to convey.

What actions typically follow a "declaration of default"?

Following a "declaration of default", the declaring party may pursue legal remedies, such as foreclosure, repossession, or other actions to recover losses resulting from the default.