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Discover Ludwig"loan default" is a correct and commonly used phrase in written English.
It refers to the failure to repay a loan according to the agreed upon terms and conditions. Example: The bank was forced to take legal action against the borrower after they fell into loan default for their mortgage payments.
Exact(52)
He added that HUD stopped paying him tenant subsidies last year, forcing his loan default.
Most, but not all, CDFIs are nonprofit, and their loan default rates are extremely low.
Think about how to protect your interests in a foreclosure or loan default, Mr. Diamond said.
Neither the department nor Congress talk much about a student loan default problem.
But provisions for loan default were almost as large, and will rise as the economy worsens.
After Russia's loan default in 1998, the consensus was that a global recession, maybe even depression, was on the horizon.
Similar(7)
In 2012, California enacted a new law excluding colleges from a state financial aid program if their student-loan default rate over three years was more than 24.6%.
Low graduation rates and high student-loan default rates among the for-profit schools are constant worries.
The stock has been dogged by controversies over low graduation rates and high student-loan default rates among the for-profit schools.
According to Moody's the U.S. leveraged-loan default rate jumped from a revised level of 2.0% in June to 2.8% in July.
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