failure to fulfil an obligation, especially to repay a loan or appear in a law court
guilty of failing to repay a loan or appear in a law court
(of a case) be decided in favour of one party because of lack of opposition by the other party
(of a computer program or other mechanism) revert automatically to (a preselected option)
a financial contract whereby a buyer of corporate or sovereign debt in the form of bonds attempts to eliminate possible loss arising from default by the issuer of the bonds. This is achieved by the issuer of the bonds insuring the buyer’s potential losses as part of the agreement
judgement awarded to the plaintiff on the defendant’s failure to plead
seinen Zahlungsverpflichtungen nicht nachkommen