What does it mean to 'Default' on debt?

Here it on T.V all the time.

Best Answer:

DEBS: "Hear"

It means you don't make payments as you agreed to and the lender is taking action against you.

Other answer:

DEBS:
Look the word 'default' up on the internet or in a dictionary.
Default……you don't pay anymore.
Brown:
Am Brown from Ohio USA and i want to say a very big thanks to Helen Kent for helping me get a loan and i will be forever grateful to her and i will like you all who is looking for loan to contact her via email: helenkent71@gmail.com
RestiveRedhead:
Means you stop making regular payments on a loan.
Love big words:
Violate the terms of the agreement
Judy:
nott pay it
WRG:
Not pay.

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