What does default on mean?
Definitions for default on
de·fault on
This dictionary definitions page includes all the possible meanings, example usage and translations of the word default on.
Princeton's WordNet
default, default onverb
fail to pay up
ChatGPT
default on
Default on refers to the failure to fulfill an obligation such as making a payment or performing a task, typically in reference to loans or financial agreements. It usually means that the person or entity has failed to meet the terms of the contract, often by not making required payments on time. This can lead to penalties or legal repercussions.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of default on in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of default on in Pythagorean Numerology is: 8
Examples of default on in a Sentence
I think we’ll come right up to the precipice, most people in this city feel it’s inconceivable we could default on our debt. I agree it’s unlikely but it’ll be much closer than people thought.
The United States can not default on our obligations and this bill prevents that from happening, the deal is not perfect. It is not what I would have written and I have great concerns about the cuts to our nation’s defense spending that may have to occur as a result of this bill’s passage. We must do everything we can to avoid an exercise in blind sequestration of defense funds that could come into play if the joint committee can not find a way to further avoid cuts of $ 1.2 trillion.
I would advise him that it’s not a viable strategy for the country to default on obligations, that’s the stuff of banana republics, and that he’s not going to engage in any of that stuff.
If we had to do House Ways and Means Committee I would do House Ways and Means Committee, i mean that the idea that America would default on debt is so far removed from everything I've ever entertained or thought of since I've been here. I mean, I'm stunned that we even have these moments.
If this ends up being added to the national debt, it's just going to drive up the interest costs needed to not default on that figure, all of that is eventually going to drive up taxes because, at some point, you'll have to figure out a way to pay that debt.
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"default on." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/default+on>.
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