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Discover LudwigThe phrase 'default rate' is correct and usable in written English.
You can use the phrase 'default rate' when talking about the percentage of loans that have not been paid back on time. Example sentence: The bank's default rate increased significantly compared to last year.
Exact(53)
There was a much higher default rate.
"They had a very high default rate".
The default rate is probably peaking now.
And analysts say the low default rate is deceptive.
The default rate for commercial buildings has remained low.
A default rate of 31% seems alarmingly high.
Lendwithcare says the default rate is virtually zero.
The overall default rate is a mere 0.3%.
"Unsecured lending has a high default rate," she says.
The company's default rate is about 10 percent.
Similar(1)
The loan-default rate, the envy of any big bank, is less than 1.5percentnt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com