default in payment

USAGE SUMMARY

"default in payment" is correct and usable in written English. You can use it in contexts related to financial obligations or loans when someone fails to make a payment. Example: "The borrower was declared to be in default in payment after missing three consecutive installments." Alternative expressions include "failure to pay" and "payment default."

✓ Grammatically correct

Formal & Business

News & Media

Wiki

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

We are not called upon to consider the effect of default in payment of any portion of the purchase money.

Wikipedia

Default in payment of two instalments shall render this instalment plan null and void.

FAO

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

An interim management group, which has been maintaining medical operations and paring costly projects and practices, won a reprieve from HealthSouth creditors despite a default in payments.

The New York Times

The members of the tenant's joint family were liable to make good out of their own property any default in payments.

Encyclopedia Britannica

On the other hand, if you are the recipient spouse, realize if your demand your ex to make payments that are not affordable, it is more likely there will be a default in payments and then all you will get is more litigation.

Huffington Post

Affirm and Klarna offer a new form of consumer financing during checkout, insuring the seller against any defaults in payment.

TechCrunch

Martin merged The Inquirer with another paper, the Public Ledger, but the Great Depression hurt Curtis-Martin Newspapers and the company defaulted in payments of maturity notes.

Wikipedia

In Brazil and Chile even a single default in the payment of a liquid and exigible indebtedness warrants proceedings if the obligation has remained unpaid after demand.

Encyclopedia Britannica

It is possible that ESCOM was never able to pay off that amount because the notice (embedded below) says the sale is due to a foreclosure "for default in the payment of debt and performance of obligations owed by Escom, LLC ("Borrower") to DOM Partners LLC (Secured Party").

TechCrunch

For example, if the company has a really good patent, they could use the patent to guarantee the bond--promising the patent to the bondholders should the company default in its payments.

Science Magazine

Whereas these programs act like a Band-Aid, the WAP is preventative -- qualification isn't contingent on a customer being in payment default.

Huffington Post

Expert writing Tips

Best practice

When discussing formal agreements or contracts, use "default in payment" to clearly state a violation of payment terms.

Common error

Be mindful that a "delay in payment" is a temporary situation, whereas a "default in payment" indicates a more serious breach of contract with potential legal consequences.

Linguistic Context

The phrase "default in payment" functions as a noun phrase, specifically denoting a failure to fulfill a financial obligation. Ludwig AI indicates this phrase is correct and usable in written English, which supports its function as a clear descriptor in financial contexts.

Expression frequency: Uncommon

Frequent in

News & Media

30%

Formal & Business

30%

Wiki

15%

Less common in

Encyclopedias

10%

Science

10%

Social Media

5%

Ludwig's WRAP-UP

In summary, "default in payment" is a grammatically sound phrase used to describe a failure to meet a financial obligation. Ludwig AI confirms its correctness and usability. While not extremely common, it's frequently encountered in formal business, news and legal settings. For alternative phrasing, consider "failure to pay" or "payment delinquency" depending on the specific context you want to express.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

payment default

Reverses the order of the words, emphasizing the default rather than the act of payment.

failure to pay

Uses more direct and simpler language to express the inability to complete the payment.

non-payment

A more concise, single-word alternative.

payment delinquency

Focuses on the lateness or overdue nature of the payment.

arrears

Indicates that payments are overdue and accumulated.

outstanding debt

Shifts the focus to the unpaid debt itself rather than the act of defaulting.

overdue payment

Highlights that the payment deadline has passed.

default on obligation

Broadens the context to include any type of obligation, not just payment.

breach of payment terms

Refers to the violation of agreed-upon payment conditions.

lapse in payment

Implies a temporary cessation of payments.

FAQs

How to use "default in payment" in a sentence?

You can use "default in payment" to describe a situation where someone has failed to make a required payment. For example, "The company declared a "default in payment" after missing three consecutive installments."

What are some alternatives to "default in payment"?

Alternatives include "failure to pay", "non-payment", or "payment delinquency", depending on the context.

What's the difference between "default in payment" and "delay in payment"?

"Default in payment" signifies a more serious and potentially irreversible failure to meet payment obligations, while a "delay in payment" implies a temporary lateness that can be resolved.

When is it appropriate to use the phrase "default in payment"?

Use "default in payment" in formal contexts such as legal documents, financial reports, or contractual agreements to clearly state that payment obligations have not been met.