Sentence examples for officially default from inspiring English sources

But the government should go a step further, automatically enrolling qualified borrowers — including people on public assistance or Social Security — while they are behind on payments, before they officially default.

So Greece has officially defaulted on its debt to private lenders.

Mr Correa, a US-trained economist, announced in December 2008 that Ecuador was officially defaulting on billions of dollars of foreign debt that it considered "illegitimate".

Today, uncertainty regarding the future of the Italian economy led to our debt rate skyrocketing past the 7percentt mark the same level that officially defaulted the Portuguese, Greek, and Irish economies.

Today, uncertainty regarding the future of the Italian economy led to our debt rate skyrocketing past the 7% mark – the same level that officially defaulted the Portuguese, Greek and Irish economies.

As of yesterday, Landsbanki had not been declared officially in default, but the FSCS said such a move was now expected.

The missed payment, which resulted in the IMF declaring Greece in arrears, though not officially in default, shuts Athens off from further IMF funds.

Once your loans are officially in default status, the Department of Education will assign them to a collections agency.

"We argue that Greece can officially be in default only in May," said an analyst at Bank of America Merrill Lynch.

Greece won't officially be in default until the IMF issues a declaration to that effect.

The credit-rating agency Standard & Poor's officially declared Argentina in default on July 30th, when the monthlong grace period following its missed interest payment expired.