Sentence examples for in default on from inspiring English sources

"in default on" is a correct and usable expression in written English.
You can use it when you want to indicate that the subject of the sentence is failing to meet a particular obligation, such as an obligation to pay money. Example: "He was in default on his mortgage payments, so he lost his house."

Exact(60)

The company is in default on $20 million in debt.

Regal Cinemas, meanwhile, is in default on its debt but continuing to negotiate with its lenders.

Xpedior also said it expected to be declared in default on loans from Comerica Bank.

The bank has asserted that Mr. Tahari was in default on his lease.

More than 7m borrowers are now in default on public or private student loans.

The project has failed and is in default on loans and guarantees.

Last week the company said it was in default on $650 million in secured credit.

The rest was charged to customers who Countrywide said were in default on their mortgages.

Also, if you're in default on the loans, you won't be eligible.

Adelphia is in default on $7 billion in loans, and its shares have been delisted by the Nasdaq stock market.

The Macklowes are also in default on a loan connected to a development site on Park Avenue and 56th Street.

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