Definition, Meaning & Synonyms
in-default-of
Phrase
/ɪn dɪˈfɔlt əv/
Definition
Failing to fulfill a duty or obligation, particularly in a legal or financial context.
Examples
- The company is in-default-of its loan agreement, resulting in higher interest rates.
- She was declared in-default-of the contract after failing to deliver the service on time.
Meaning
The phrase ‘in-default-of’ refers to a situation where someone has not met a required obligation, which can lead to penalties or consequences.
Synonyms
- In breach of
- Infringing
- Failing to comply with
- Neglecting
