concept   default
culture   Europe
statement   In Europe, default in finance refers to failing to repay a debt and can result in legal and financial consequences.
2 similar statements
# Concept Culture Statement Freq.
1 default Europe In financial contexts, default refers to failure to meet a financial obligation such as repaying a loan. 1
2 default Europe In financial terms, default refers to failure to repay a debt, which can have serious legal and financial consequences. 1