The implication of no collateral which can serve as security to the lenders is that, if the borrowers default in payment, the lenders stand the risk of losing his money. (myfinancekits.com)
If there is default in the payment of support under the contract or agreement at the time the application is made. (international-divorce.com)
After graduating, she couldn't find a job and immediately defaulted in her payments on all of her loans. (getoutofdebt.org)