Forderungsausfall — meaning in English

English meaning

• default noun A preset option or value used automatically when no other choice is made.

Senses

Forderungsausfall is used for these senses in English:

• bad debt (business, accounting) A debt which cannot be recovered from the debtor, either because the debtor lacks the money to pay or because the debtor cannot be found and/or forced to pay.
• default (finance) The condition of failing to meet an obligation.

default — full definition

1. noun A preset option or value used automatically when no other choice is made.
2. noun Failure to fulfil an obligation, especially a financial or legal one.
3. verb To fail to meet a financial or legal obligation.

Related German words