# defaulting

Pronunciation: US say "di-FAWLT-ing" /dɪˈfɔltɪŋ/; UK say "di-FOLT-ing" /dɪˈfɒltɪŋ/

## Noun

1. The act or result of failing to meet an obligation, especially failure to repay a debt or make a required payment.
   - Simple: The failure to pay money you owe or to do something you agreed to do.
   - _The bond's defaulting triggered losses across several pension funds._
   - _Repeated defaulting on supplier payments pushed the firm toward bankruptcy._

## Verb

2. Present participle of default. — present participle and gerund of default
   - Simple: Present participle of default. Use this -ing form for an action happening now.
   - _Borrowers who keep defaulting risk losing their collateral._
   - _The government is defaulting on payments to its creditors._

Source: DictionaryAI, https://dictionaryai.com/define/defaulting (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).