payment defaults
Failed debt repayments
Payment defaults are failures to make required payments on debts or obligations when they come due.
A borrower who misses mortgage payments, a company that fails to pay bondholders, or a nation that stops servicing its sovereign debt are all in default.
Defaults trigger consequences: penalties, damaged credit, accelerated repayment demands, or legal action.
The bank reported a rise in payment defaults during the recession.
- delinquentFailing in duty
- overduePast expected arrival
- past dueBeyond payment deadline
- arrearsOverdue financial obligations
- bankruptcyLegal status when insolvent
foreclosure · repossession · debt · creditors · repo man · collection · late · unpaid · final notice · insolvent · mortgage · loan · credit · deadbeat · bailiff · eviction · judgment · garnishment
payment defaultsdebt repayment
Satisfying financial obligations
full payment · debt servicing · good standing · staying current
payment defaultscreditworthiness
Ability to repay debts
good credit · financial solvency · financial stability · fiscal responsibility · AAA rating
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