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
Time is running out, every day makes a difference. Seznam is losing market share because of Google's search engine installed by default on mobiles.
What could surprise investors is when they actually hear the word' default,' and that a default occurred, the immediate reaction might be a slight sell-off in the marketplace because I think people will start to anticipate,' OK, what's the next series of debt they're going to default on ?'.
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.
When a company has to explain why they probably won't default on their debt, it's usually not a good day for equity holders.
Nobody standing here wants to default on the debt. Let me be absolutely clear and unequivocal: The United States of America should never, ever, ever default on its debt.
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"default on." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/default+on>.
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