The inability to pay monthly mortgage payments in a timely manner or to otherwise meet the mortgage terms.
Source: U.S. Department of Housing and Urban Development
Your failure to meet one or more conditions of your lease agreement. Default may result in early termination of the lease.
Source: Federal Reserve Board
Source: Commodity Futures Trading Commission
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.
Source: Office of Child Support Enforcement.