defaulted

Meanings

• Adjective

  Having failed to fulfill an obligation or debt.

  - "The borrower's account was defaulted due to non-payment."
  - "Many homeowners faced defaulting on their mortgages during the economic crisis."

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Rhymes

Words rhyming with defaulted
dealt , feudal , realt , sealant , veiled

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Variants

List of all variants of defaulted that leads to same result
default , defaulted , defaulter , defaulters , defaulting , defaults

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Etymology

origin and the way in which meanings have changed throughout history.

From Old French 'defaut', meaning 'lack, want, or failure'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. In finance, a loan that has been 'defaulted' is no longer considered a performing asset.

2. The term 'defaulted' can also be used to describe a failed computer or software program.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Insolvency: A state of being unable to pay debts or liabilities as they come due.

2. Bankruptcy: A legal process where an individual or business is unable to repay their debts and seeks protection from creditors.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In literature, 'defaulted' is often used to describe characters or situations where debts or obligations have not been met.

How to Memorize "defaulted"

1. visualize
   

   - Imagine a borrower who has failed to make their loan payments.
   - Visualize a debtor's account being marked as 'defaulted'.

2. associate
   

   - Associate the word 'defaulted' with 'failure' or 'lack of payment'.
   - Remember that someone or something has not met an obligation.

3. mnemonics
   

   - Create a mnemonic phrase, such as 'Debts not paid, Defaulted.'
   - Use the acronym 'DNF' (Did Not Finish) to remember 'defaulted'.

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