Sentence examples similar to default of payment situation from inspiring English sources

Online subscriptions are cut automatically when the credit cards become maxed out or in default of payment.

Default of payments on debts by a secured note may require the borrower to forfeit the items in lieu of payment.

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

The major advantages of doing so being higher margins, faster payments and lower risks of payment default.

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

The situation changed in 2002 after the barrier of payment was removed.

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Thus, the bank bears the risk of making higher payment due to the possibility of default of the counterparty.

The letter suggests he has been withholding payments and that he is in default of his agreement.

"The company has never defaulted on any payment of debt," the company said in a statement.

(Those whose phones did not work were considered at high risk of defaulting on payments).