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1 sentences with 'defaulting'

Example sentences and phrases with the word defaulting and other words derived from it.

Brief definition: defaulting

Failing to do something required, especially paying a debt or meeting an obligation on time. Not fulfilling a duty or responsibility. Automatically chosen option when no alternative is selected. Missing a scheduled event or appointment.


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Without revenue, Congress could not repay the American creditors who had lent it money. However, it managed to pay interest to foreign creditors in France and the Dutch Republic, fearing that defaulting on those payments would destroy the republic's credit and leave it unable to borrow.

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