Sentence examples for default of payments from inspiring English sources
Default of payments on debts by a secured note may require the borrower to forfeit the items in lieu of payment.
Online subscriptions are cut automatically when the credit cards become maxed out or in default of payment.
A populist who often criticized President Carlos Menem's free-market reforms in the 1990's, Mr. Duhalde supported President Rodríguez Saá's unavoidable announcement last week that Argentina would default on payments of its crushing $132 billion foreign debt, the largest such default ever by a sovereign debtor.
Six members of Parliament feature in the list of 405 present and former members who have defaulted on payments of their telephone bills to the Mahanagar Telephone Nigam.
But in recent days there has been growing attention on a few economists and financiers who have been arguing that it would be all right to miss the deadline — and even, a few of them say, default on payments to the nation's bondholders.
(Those whose phones did not work were considered at high risk of defaulting on payments).
lost confidence in the "effectiveness, stability and predictability" of American political institutions because the Teapartistas showed that they were willing to cause our government to default on payment of Treasury bonds if they did not achieve their political goals — weakening the social safety net and protecting the rich from paying even one dollar more in taxes.
(Such facilities frequently auction the contents of storage containers after renters default on payments).
Home lenders argue they are justified in charging high rates of interest to compensate for the extra risk of borrowers defaulting on payments, and some borrowers may have no choice but to borrow from them.
At that stage calculations on the risk presented to the taxpayer of the bidders defaulting on payments to run the line was changed to favour FirstGroup.
