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'default on payments' is correct and usable in written English.
You can use it when referring to someone or a company failing to make payments on time. Example Sentence: Joe had defaulted on his payments, so the bank repossessed his car.
Exact(26)
Otherwise, economists fear Argentina could default on payments on its $150 billion foreign debt.
(Such facilities frequently auction the contents of storage containers after renters default on payments).
Several years ago this led petrol companies to default on payments.
An unsecured personal loan carries less risk if you default on payments.
The debt ceiling must be raised by Oct. 1 to avoid a government shutdown, and a potential default on payments, including debt, later in the month.
When the US Federal Reserve starts to hike interest rates from June 2004 onwards, many fall into arrears and default on payments.
Similar(34)
Loews Cineplex said on Aug. 25 that it might default on debt payments.
The risk with corporate bonds, of course, is that the company behind them will go bust or simply default on payment.
The nuclear project has fallen on hard times and city officials must decide whether to default on payment obligations, pursue legal actions, raise rates, or issue bonds.
He proposing that the federal government simply default on payment it's obligated to make.
After defaulting on bond payments, the company filed for bankruptcy protection last September.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com