lack of repayment

USAGE SUMMARY

The phrase "lack of repayment" is correct and usable in written English.
It can be used to describe a situation where someone has not repaid a debt or loan. Example: "The bank decided to take legal action due to the lack of repayment from the borrower."

✓ Grammatically correct

Wiki

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

Lack of repayment can cause hard feelings among co-workers.

WikiHow

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

But the burden of the complaints was about her lack of credibility following her repayment of £13,332 in capital gains tax following revelations about her expenses.

The Guardian

For example, Wang et al. (2015b) identify nine types of risks in the online lending industry involved in different stages of a P2P transaction: insufficient credit checking, inadequate intermediation, untimely repayment, lack of liquidity, lack of transparency, operational and technical failure, legal risk, excessive leverage, and lack of ethics.

Financial Innovation

What is remarkable about the various microlending models is the fact that the small loans are made to entrepreneurs without any physical collateral and despite the lack of physical collateral, the repayment rates have been unusually high -- over 95% in many cases.

Huffington Post

Last summer, two vast family-owned conglomerates in Saudi Arabia defaulted on billions of dollars of debt repayments, highlighting lack of transparency and lax lending practices in the region.

Forbes

Again, the federal government does this because banks don't have the risk tolerance to lend at rates that millions of 18- to 24-year-olds who lack any repayment history would find reasonable.

Huffington Post

Few SMEs (8.0 %) are rejected for the poor repayment history and the lack of personal guarantor.

Journal of Global Entrepreneurship Research

With a debt of £9.4m, Kilmarnock were hampered by their repayment obligations and a lack of trust between potential new investors and Johnston.

BBC

From their point of view, some reasons for not giving loan to SMEs may possibly be the lack of proper financial statements and collateral, poor repayment history, sector biases and the lack of personal guarantee.

Journal of Global Entrepreneurship Research

The chances of repayment are sinking with Greece's economy.

The Economist

Our entire system of repayment is crying out for simplification.

The Guardian

Expert writing Tips

Best practice

When discussing financial risks or loan agreements, clearly state the consequences of a "lack of repayment". This makes the severity of the issue more apparent.

Common error

Avoid using overly formal language when discussing "lack of repayment" in everyday contexts. Simpler terms like "failure to pay" may be more appropriate.

Linguistic Context

The phrase "lack of repayment" functions as a noun phrase that typically serves as the subject or object of a sentence. Ludwig AI confirms its usability in describing scenarios where debts or loans are not repaid. It encapsulates the concept of an absence or deficiency in fulfilling a financial obligation.

Expression frequency: Rare

Frequent in

News & Media

33%

Science

33%

Wiki

33%

Less common in

Formal & Business

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "lack of repayment" is a grammatically correct noun phrase used to describe a situation where a debt or loan has not been repaid. According to Ludwig AI, the phrase is usable in written English and is typically found in contexts related to news and media, science, and wiki articles. While the phrase itself is straightforward, understanding its nuances and potential alternatives, such as "failure to repay" or "non-repayment", can help writers communicate more effectively. Ultimately, being precise with your phrasing is essential for clarity in writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

failure to repay

Replaces "lack" with "failure", emphasizing the act of not repaying.

non-repayment

Uses a single word to convey the absence of repayment.

default on payment

Focuses on the breach of agreement regarding the payment.

payment delinquency

Highlights the lateness or absence of payments.

arrears in payment

Indicates that payments are overdue.

outstanding debt

Emphasizes the remaining amount that needs to be paid.

unpaid balance

Similar to outstanding debt, but focuses on the current amount due.

failure to meet financial obligations

A broader term encompassing any inability to pay debts.

inability to settle debts

Focuses on the debtor's capacity to repay.

debt default

Implies a complete failure to repay the debt.

FAQs

How can I use "lack of repayment" in a sentence?

You can use "lack of repayment" to describe situations where a debt or loan has not been repaid. For example: "The bank decided to take legal action due to the "lack of repayment" from the borrower."

What are some alternatives to "lack of repayment"?

Alternatives include "failure to repay", "non-repayment", or "default on payment" depending on the specific context.

What's the difference between "lack of repayment" and "failure to repay"?

"Lack of repayment" is a more general term indicating the absence of repayment. "Failure to repay" /s/failure+to+repay emphasizes the act of not fulfilling the repayment obligation.

Is "lack of repayment" formal or informal?

"Lack of repayment" is generally considered a neutral to formal term. In informal settings, consider using phrases like "didn't pay back" instead.