Defaulting
/dɪˈfɔːltɪŋ/
Definitions
- (v. (gerund)) The act of failing to fulfill a legal obligation, especially to repay a loan or appear in court.
Defaulting on a loan can lead to foreclosure.
Forms
- default
- defaults
- defaulted
Related terms
See also
Commentary
Use 'defaulting' primarily to describe ongoing or habitual failure to meet legal obligations, often in financial contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.