Defaulting: meaning, definitions and examples
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defaulting
[ dɪˈfɔːltɪŋ ]
financial context
Defaulting refers to the failure to meet the legal obligations or conditions of a loan, such as making timely payments. It can lead to severe consequences, including foreclosure or bankruptcy, depending on the terms of the contract. Defaulting can affect an individual's credit score significantly.
Synonyms
default, failing, nonpayment.
Examples of usage
- The company faced bankruptcy after defaulting on its loans.
- She worried about defaulting on her student loans.
- The country risked economic instability by defaulting on its debt.
- After defaulting, his credit score dropped dramatically.
Translations
Translations of the word "defaulting" in other languages:
🇵🇹 defaultando
- não cumprindo
- em falta
🇮🇳 डिफ़ॉल्ट करना
- निराश करना
- असफल होना
🇩🇪 verzug
- ausbleibend
- Standardwert setzen
🇮🇩 default
- gagal
- tidak memenuhi
🇺🇦 дефолт
- недосягнення
- недостатність
🇵🇱 domyślny
- niedotrzymanie
- brak
🇯🇵 デフォルトする
- 怠慢
- 未達成
🇫🇷 défaut
- non-respect
- manquement
🇪🇸 incumplimiento
- falta
- defecto
🇹🇷 varsayılan
- yerine getirmeme
- borçlu kalma
🇰🇷 기본값
- 불이행
- 부족
🇸🇦 عجز
- فشل
- عدم الوفاء
🇨🇿 default
- nesplnění
- nedostatek
🇸🇰 predvolený
- nesplnenie
- nedostatok
🇨🇳 默认
- 违约
- 未能
🇸🇮 privzeto
- neizpolnitev
- pomanjkanje
🇮🇸 sjálfgefið
- vanefnd
- skortur
🇰🇿 әдепкі
- орындамау
- тапшылығы
🇬🇪 ნაგულისხმები
- უგულებელყოფა
- ანაკრეფი
🇦🇿 defolt
- yerinə yetirməmə
- çatışmazlıq
🇲🇽 incumplimiento
- falta
- defecto
Etymology
The term 'defaulting' originates from the late Middle English word 'defaulte,' which itself derives from the Old French word 'defaulte,' meaning 'failure or lack.' The roots trace back to the Latin 'defectus,' meaning 'a failing or deficiency.' The legal implications of defaulting emerged as the concept of credit evolved over centuries, especially with the rise of banking systems in the modern era. Today, defaulting is primarily associated with financial contexts, particularly in relation to loans and credit agreements. In recent times, with the increase of consumer lending and credit card usage, the term has gained broader recognition, and its repercussions have become a significant concern for both lenders and borrowers in personal and corporate finance.
Word Frequency Rank
Positioned at #22,008, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.
- ...
- 22005 clashing
- 22006 copulation
- 22007 undesired
- 22008 defaulting
- 22009 uncollected
- 22010 zipper
- 22011 chum
- ...