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Question: What does default mean in personal finance terms?

(Posted by: stratosmorpheus on 2010-04-03 12:14:38)

Answers:

Posted by: Common Sense on 2010-04-03, 12:18:45

It means you have violated one or more terms of a contract, usually by not making payments on time.

Posted by: David M on 2010-04-03, 12:17:35

It means you are delinquent on a loan or a bill.

Posted by: ET on 2010-04-03, 12:19:08

Failure to me financial obligations on the agreed schedule.

Posted by: My Take on It on 2010-04-03, 14:38:41

It means you stopped paying

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