IN DEFAULT Meaning and
Definition
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"In default" is a term used to describe a situation where an individual or an entity has failed to fulfill their obligations or meet their responsibilities, typically related to a financial or contractual agreement. It signifies the non-compliance or non-performance of a required action within a specified timeframe.
In a legal context, "in default" refers to a situation where a party has failed to respond or appear in court within the designated time, thereby forfeiting their right to participate in the legal proceedings.
In the financial realm, "in default" commonly refers to the failure to make timely payments towards a debt or loan. When a borrower fails to meet their repayment obligations, they are said to be "in default," and this can result in penalties, legal actions, or the lender demanding immediate full payment.
Furthermore, "in default" can be used to indicate a failure to fulfill contractual obligations. For example, if a company fails to deliver goods or services as agreed upon in a contract, they can be considered "in default." This could result in legal action or contractual consequences, such as termination or financial penalties.
Overall, "in default" signifies a violation or non-fulfillment of an obligation, whether it be related to a financial commitment, legal requirement, or contractual agreement.
Common Misspellings for IN DEFAULT
- un default
- jn default
- kn default
- on default
- 9n default
- 8n default
- ib default
- im default
- ij default
- ih default
- in sefault
- in xefault
- in cefault
- in fefault
- in refault
- in eefault
- in dwfault
- in dsfault
- in ddfault
- in drfault
Etymology of IN DEFAULT
The word "default" originated from the Old French word "defaute", which derived from the Latin word "defectus" meaning "failure" or "lack". In Old French, "defaute" referred to a failure to fulfill an obligation or a lack in fulfilling a duty or agreement. Over time, the phrase "in default" emerged as an expression to describe a situation where someone has failed to fulfill their obligations or responsibilities.
Idioms with the word IN DEFAULT
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in default of
The idiom "in default of" means in the absence or lack of something or someone, especially as a substitute or alternative.
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in default of something
The idiom "in default of something" is used to express a situation where something is not available or cannot be done, therefore an alternative or substitute action or item is taken or used instead. It implies that the original option or expectation is not fulfilled or cannot be met, leading to a secondary choice or solution.
