Default on Meaning in English
expression
Definition
To fail to pay back a loan, debt, or other required payment when it is due. Usually refers to not making payments as promised.
Usage & Nuances
This phrasal verb is formal, used mainly in legal, business, and financial contexts (e.g. 'default on a loan'). The object is usually a debt, loan, mortgage, or obligation. Do not use for general promises—it's almost always about money.
Example Sentences
If you default on your student loan, you may face serious consequences.
basic
The company defaulted on its mortgage last year.
basic
He lost his house because he defaulted on payments.
basic
If you default on your credit card, your credit score will drop.
natural
Many people worry they might default on their debts during a recession.
natural
Even a single missed payment can be considered defaulting on your loan agreement.
natural