Default Term Meaning in Real Estate - Guide

Default refers to the failure to pay interest or principal on a loan or security when due.

Kopal Cheema

7 years ago

Published Date: Mar 22, 2018

Updated Date: Mar 27, 2024

While the word "Default" has many meanings in the English language, in the real estate space it refers to the failure to pay interest or principal on a loan or security when due.

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