Sentence examples for default on repayment from inspiring English sources

The title and mortgage remain in the names of the sellers, so if there is any default on repayment of the mortgage, the seller will be pursued for payment," he says.

These drove the parties farther from reasonable discourse and they had to make an agreement at the 11th hour to narrowly avoid a first-ever U.S. default on repayment of its borrowings.

If you have a mortgage indemnity guarantee (Mig) – insurance bought to protect the lender if you default on repayments – the lender will claim the outstanding amount from the insurer.

The ongoing political impasse in Washington has sparked fears the US could default on repayments of its bonds, prompting banks and clearing houses to take preventative measures against such an unprecedented event.

The second part, the mortgage guarantee scheme, insures lenders against losses if homeowners default on repayments.

Payday lenders pledged to freeze the amount a debtor owes if they default on repayments for longer than 60 days.

The Financial Times says European officials have been "bracing themselves" for a default on repayments, although some officials suspect the Greeks are "crying wolf" over impending bankruptcy.

The company also said yesterday that it had defaulted on repayment of about $350 million in convertible bonds.

The company is desperately trying to sell assets before the year-end to avoid defaulting on repayments of its $26.6 billion of debt.WorldCom is another big telecoms group, but its problems dwarfed those at Global Crossing.

There has been some criticism that the move would put taxpayers' money at risk if new homeowners defaulted on repayments.

Earlier this week Greece became the first advanced economy to default on a repayment to the IMF, when it failed to pay a €1.5bn loan, toppling Europe into full-blown political crisis.