default

Failure to meet the legal obligations of a loan or other financial contract

EntityQ702362

Also known as financial default · defaulting · loan default · defaulting on a loan · default on a loan · loan delinquency

Subclass of: failure
, default

Overview

From Wikipedia, the free encyclopedia · Read full article · Text CC BY-SA 4.0

In finance, default is failure to meet the legal obligations of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt.

Overview

All data

17 statements · 24% with external sources · numbers in brackets are citations

Different from: insolvency
Cause: insolvency nature of statement: often · excluding: strategic default
Said to be the same as: default

On other databases

12 identifiers linking default across the web's reference databases

Data quality

statements

24%

externally sourced

Source last edited September 5, 2026. AIDB refreshes this page daily.

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AIDB. (2026). default (Q702362). Retrieved from https://aidb.si/e/default-Q702362