concept   default
culture   United States
statement   In the US, default refers to failing to meet financial obligations, resulting in legal and credit consequences.

4 similar statements
# Concept Culture Statement Freq.
1 default United States In financial context, default usually refers to failure to repay a loan or meet a financial obligation. 1
2 default United States In financial contexts, default refers to failure to meet a financial obligation such as repaying a loan. 1
3 default United States In financial terms, default refers to failure to repay a debt, which can have serious legal and financial consequences. 1
4 default United States Defaulting on a loan is detrimental to one's credit score and financial reputation. 1