Failure to repay a loan according to the terms agreed to. For the FFEL and Direct Loan programs, your loan is in default if you fail to make a payment for 270 days, if you repay monthly (or 330 days, if your payments are due less frequently). Your lender is required to report the default to at least one national credit bureau.
The failure of a defendant to file an answer or appear in a civil case within the prescribed time after having been properly served with a summons and complaint. The tribunal hearing the case can enter an order based on information presented without any challenge if the responding party does not answer the claim or appear in court as requested. This is called a default order.
The failure to do what is required to be done, e.g., when a defendant in a civil case does not file an answer as required, or when a defendant in a criminal case fails to appear for a hearing in the case when required to do so.
A failure to comply to make any payment or to perform any other obligation under the mortgage, and such failure continues for a period of 30 days.
The inability to make timely monthly mortgage payments or otherwise comply with mortgage terms. A loan is considered in default when payment has not been paid after 60 to 90 days. Once in default the lender can exercise legal rights defined in the contract to begin foreclosure proceedings
An automated process used to make random managed care assignments for beneficiaries who do not make a selection of a primary medical provider of their own accord or were not assigned through auto assignment.