Meanwhile, research by consumer group Which? found that almost one in ten households have defaulted on a payment.

If you default on a payment, the card issuer can recover the amount from your deposit.

Late last year it threatened to default on a payment due in February, raising the specter of bankruptcy.

One of his ancestors defaulted on a payment.

Usually, lenders can force a company into bankruptcy if it violates loan provisions or defaults on a payment.

They never default on a payment.

After defaulting on a payment towards a $230 million sovereign bond last October, the country accepts it had been borrowing beyond its means.

According to a recent survey, approximately a third of borrowers believe that the mortgage insurance they were paying covered them against defaulting on a payment.

Yet, nineteen years of owning a house, never defaulting on a payment, virtually paying off our mortgage and having no other debts, now counts for nothing.

However, just prior to the start of the 2014 season, the primary sponsor of the team defaulted on a payment, and the team was shut down.

Neither of these systems made it to production, the first is believed to be due to Q-ZAR defaulting on a payment.

Buyer risk includes the risk of devaluation of the importer's currency, which may be so severe that it results in default on a payment.

Just ensure that your guarantor is aware of the financial responsibility they are taking on and what will happen should the mortgage holder default on a payment.

Therefore, there is speculation that Lothair might have been a speculative build with no buyer - or that the contracting purchaser defaulted on a payment.

For example, if a partnership defaults on a payment to a creditor, the partners' personal assets are subject to attachment and liquidation to pay the creditor.

One option might be defaulting on a payment of $20 million that Mitsubishi is scheduled to make to Rockefeller Center Properties on May 31.

Sigma's enforcement triggers are documented to occur if the company is no longer rated by at least one rating agency or if it defaults on a payment obligation.

The Irish broadcaster's predicament is also affecting the Scottish Premier League after it defaulted on a payment of £3m for part of last season's coverage fees.

"And they are a friend and they are a community service when you are repaying them but the first time you default on a payment they turn nasty."

The world's largest economy - responsible for about 25 per cent of the global economy - has never, ever defaulted on a payment and if it did, it would change everything.

Under a deal reached with bondholders last year, when he defaulted on a payment, Mr. Pickens also has until 1996 to repay or refinance a major portion of his debt.

Michael Green, a partner at Weightmans, a firm of solicitors that specialises in debt recovery, says that, increasingly, lenders are using orders after a customer has defaulted on a payment.

May 2002 The majority of shares in Malaysia's second largest mobile operator were seized by the state in April when owner, Tajudin Ramli, defaulted on a payment.

It transpired, through a phone call to Lowell, that someone with a similar name who lived in London had defaulted on a payment; I have been in West Wales for 25 years.

Mr. Mulford explained subsequently that the law in the United States and some other creditor countries demands that if a debtor defaults on a payment, all other credits are automatically halted.