What is it called when you fail to pay back a loan?

Related questions

1. Can someone sue me if I have no money?
2. What happens if I stop paying one of my credit cards?
3. What does it mean I owe you?
4. What do you mean by character?
5. What's the difference between sorry and apology?
6. Do you owe someone an explanation?
7. Why do I keep owing taxes?
8. What does having a strong character mean?
9. Who does the US owe money to?
10. What happens when you owe state taxes?

Tags

1. #according
2. #terms
3. #repay
4. #another
5. #delinquency
6. #default
7. #timely
8. #repaid
9. #borrower
10. #failure
11. #payment
12. #amount