Default is the failure to repay a debt including interest or principal on a loan or security when due.

Default happens in loans and credit agreements. When a person or business can`t make their payment on time, it`s called a default.

What is the failure to pay interest or principal on a loan or security when due? Default is when you can`t make a scheduled payment for a loan or financial product on time.

What is the meaning of default in repayment of loan? Default means not being able to pay back a loan or interest according to the plan.

What is the failure of a borrower to repay the loan called? When a borrower can`t repay their loan on time, it`s called a default.

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Avoiding default keeps your credit score healthy. It helps you get future loans more easily.

Default means not paying a loan on time. Avoiding it is key for good financial health.