What is another word for de-faulting?
Pronunciation: [dəfˈɒltɪŋ] (IPA) 
The word "de-faulting" refers to the act of not meeting financial commitments or failing to pay debt. Synonyms for this word include defaulting, nonpayment, delinquency, and arrears. Other possible synonyms may include late payments, missed payments, overdue bills, or outstanding debts. These words all describe the same situation; an individual or business not fulfilling their financial obligations within a certain timeframe. Whether it's due to unexpected circumstances or poor financial planning, de-faulting can have serious consequences, such as damaged credit scores or legal action. It's important to stay on top of financial obligations and seek assistance if necessary to avoid de-faulting.
