defaulting
Failing to pay
Defaulting is failing to fulfill an obligation, especially a financial one.
A borrower defaulting on a loan has stopped making required payments: The company is defaulting on its debt.
In computing, defaulting to a setting means reverting to a preset option when no alternative is specified.
More broadly, defaulting can mean falling back on something familiar: She kept defaulting to her old habits.
Borrowed money repaid later
- mortgageSecured home loan
- paymentFulfilling a financial obligation
- obligationRequired task or commitment
- debtMoney owed another
credit · borrower · lender · creditor · arrears · overdue · nonpayment · repayment
Lender seizes mortgaged property
- repossessionCreditor seizing collateral
- bankruptcyLegal status when insolvent
- insolvencyInability to pay debts
- liquidationSelling assets for cash
receivership · collection · seizure · auction · judgment · lien · charge-off · write-off
Breaking of rules
- noncomplianceFailure to follow requirements
- contraventionAct violating a rule
- infractionMinor rule breach
- failureLack of success
dereliction · nonperformance · omission · negligence · disregard · inaction · lapse
Alternative if primary fails
- presetConfigured before use
- factoryIndustrial production facility
- standardLevel of quality accepted
- automaticOperating without intervention
revert · reset · configuration · setting · option · parameter · initialize · restore
Structured physical exercise
- reschedulingSetting a different time
- modificationAct of altering something
- forbearancePatient self-control, delayed enforcement
- defermentAuthorized delay of obligation
refinancing · extension · bailout · settlement · negotiation · hardship · relief · moratorium
loan
Borrowed money repaid later
- mortgageSecured home loan
- paymentFulfilling a financial obligation
- obligationRequired task or commitment
debt · credit · borrower · lender · creditor · arrears · overdue · nonpayment · repayment · installment
foreclosure
Lender seizes mortgaged property
- repossessionCreditor seizing collateral
- bankruptcyLegal status when insolvent
- insolvencyInability to pay debts
liquidation · receivership · collection · seizure · auction · judgment · lien · charge-off · write-off · garnishment
violation
Breaking of rules
- noncomplianceFailure to follow requirements
- contraventionAct violating a rule
- infractionMinor rule breach
failure · dereliction · nonperformance · omission · negligence · disregard · inaction · lapse
fallback
Alternative if primary fails
automatic · revert · reset · configuration · setting · option · parameter · initialize · restore · system
workout
Structured physical exercise
- reschedulingSetting a different time
- modificationAct of altering something
- forbearancePatient self-control, delayed enforcement
deferment · refinancing · extension · bailout · settlement · negotiation · hardship · relief · moratorium · waiver
- money mistakesoverspending, impulse buying, gambling debt, debt spiral, no savings
- setbacksfailing, back to square one, stuck, losing, stumbles
- mental limitscognitive load, cognitive overload, mental fatigue, working memory, attention span
- negligenceneglect, gross negligence, criminal negligence, medical negligence, negligence
defaultingpaying
Transferring money owed
repaying · honoring · settling · fulfilling · satisfying
defaultingfulfilling
Providing deep satisfaction
honoring · delivering · performing · completing · following through
defaultingcustomizing
Altering to individual preference
overriding · configuring · specifying · selecting · choosing
default, defaults, defaulted, defaulter, defaulters, nondefault