Phrases with «loan default»

"Loan default" is a term used to describe a situation where a borrower fails to repay the loan as agreed upon. It means that the borrower hasn't paid back the money they borrowed according to the terms and conditions. Full definition

Related phrases

Sentences with «loan default»

  • Another way to lessen the increase of student loan default rates is student loan consolidation. (usstudentloancenter.org)
  • Although the default rates have dropped from historic highs, the federal student loan default rate rose sharply during the «Great Recession» and generated headlines all across the nation. (lendedu.com)
  • In the late - 1980s, lenders stopped financing large, full - service properties because of a high rate of loan defaults. (nreionline.com)
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