What Does Default Rate Mean?
The default rate is the percentage of all outstanding loans that is reduced by default after the lender's repayment period is extended. The term fixed rate, also known as penalty interest, can also refer to higher interest rates charged on borrowers who do not repay the loan regularly.
- The default rate is the percentage of all loans that are repaid by the lender after a late payment period.
- Generally, if the payment is delayed by 270 days, the loans will be settled in advance.
- The failure rate is an important statistical measure that economists use to assess the overall health of the economy.
Literal Meanings of Default Rate
Meanings of Default:
Non-compliance with obligations, including debt repayment or litigation.
Pre-selected options that are assumed by a computer program or other mechanism if the user or programmer does not specify an alternative.
Late payments, such as debt repayment or litigation.
Returns automatically (via computer program or other mechanism) (previously selected option)
Sentences of Default
You need to restructure your loan to avoid default
The default is fifty lines
Some defaulters on student loans
As the new mail begins, the system adopts its default style
Synonyms of Default
backslide, not pay, non-remittance, backtrack, fail to honour, failure to pay, renege, fail to pay, non-payment, back out, revert
Sentences of Rate
They were asked to assess their abilities in various driving exercises
The show has seemed a bit unfocused in recent episodes
Synonyms of Rate
hire, cost, estimate, assess, weigh up, adjudge, deem to be, fare, gauge, evaluate, hold to be, charge, tariff, figure, consider to be, judge, put a value on, reckon to be, judge to be, find to be, outlay, value, measure, calculate, compute, amount, appraise, think to be, price