Defaulted Loan definition: Copy, customize and use instantly
Introduction
The term "Defaulted Loan" refers to a loan that has failed to meet the terms specified in the agreement, typically due to the borrower’s inability to make required payments. This term is important for defining the actions or consequences triggered by a borrower’s failure to fulfill their financial obligations.
Below are various examples of how "Defaulted Loan" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Defaulted Loan" in a financial agreement
This definition ties "Defaulted Loan" to financial agreements.
"Defaulted Loan" refers to a loan for which the borrower has failed to make the required payments by the agreed-upon due date, resulting in a breach of the loan terms.
Definition of "Defaulted Loan" in a credit agreement
This definition connects "Defaulted Loan" to a credit agreement.
"Defaulted Loan" means any loan where the borrower has failed to pay the principal or interest due under the credit agreement within the specified grace period.
Definition of "Defaulted Loan" in a loan servicing agreement
This definition links "Defaulted Loan" to loan servicing.
"Defaulted Loan" refers to any loan that has not been serviced in accordance with the terms set forth, where the borrower has failed to meet payment obligations as stipulated in the loan agreement.
Definition of "Defaulted Loan" in a bankruptcy context
This definition applies "Defaulted Loan" to bankruptcy situations.
"Defaulted Loan" means a loan that remains unpaid and is considered a debt owed by a borrower who has filed for bankruptcy protection.
Definition of "Defaulted Loan" in a real estate loan agreement
This definition ties "Defaulted Loan" to real estate loans.
"Defaulted Loan" refers to any real estate loan where the borrower has not made payments on the loan according to the agreed-upon schedule, leading to a breach of contract.
Definition of "Defaulted Loan" in a business loan agreement
This definition connects "Defaulted Loan" to business loans.
"Defaulted Loan" means a business loan that is in default due to missed payments or failure to comply with the loan covenants set by the lender.
Definition of "Defaulted Loan" in a student loan agreement
This definition links "Defaulted Loan" to student loans.
"Defaulted Loan" refers to a student loan where the borrower has failed to make payments for a specified period, causing the loan to be classified as defaulted under the loan agreement.
Definition of "Defaulted Loan" in a personal loan agreement
This definition applies "Defaulted Loan" to personal loans.
"Defaulted Loan" refers to a personal loan for which the borrower has not made the required payments as outlined in the loan agreement, and the loan is now considered in default.
Definition of "Defaulted Loan" in a government loan agreement
This definition ties "Defaulted Loan" to government loans.
"Defaulted Loan" means any loan provided by a government entity that has not been repaid in accordance with the terms of the loan agreement, resulting in default.
Definition of "Defaulted Loan" in a mortgage agreement
This definition connects "Defaulted Loan" to mortgage loans.
"Defaulted Loan" refers to a mortgage loan where the borrower has failed to make timely payments, resulting in a default status that may trigger foreclosure proceedings.
Definition of "Defaulted Loan" in an auto loan agreement
This definition links "Defaulted Loan" to auto loans.
"Defaulted Loan" refers to an auto loan where the borrower has failed to make the required payments, leading to a default on the loan agreement.
Definition of "Defaulted Loan" in a revolving credit agreement
This definition applies "Defaulted Loan" to revolving credit agreements.
"Defaulted Loan" refers to a loan under a revolving credit agreement where the borrower has exceeded the credit limit or failed to make the necessary payments, resulting in a default.
Definition of "Defaulted Loan" in a commercial loan agreement
This definition ties "Defaulted Loan" to commercial loans.
"Defaulted Loan" means a commercial loan where the borrower has defaulted by not fulfilling payment obligations or violating other terms in the loan agreement.
Definition of "Defaulted Loan" in an installment loan agreement
This definition connects "Defaulted Loan" to installment loans.
"Defaulted Loan" refers to any installment loan where the borrower has failed to make scheduled payments for an extended period, leading to default status.
Definition of "Defaulted Loan" in a peer-to-peer lending agreement
This definition links "Defaulted Loan" to peer-to-peer lending.
"Defaulted Loan" means a loan provided via a peer-to-peer lending platform that has gone into default due to the borrower's failure to make agreed-upon repayments.
Definition of "Defaulted Loan" in a consumer loan agreement
This definition applies "Defaulted Loan" to consumer loans.
"Defaulted Loan" refers to a consumer loan where the borrower has failed to meet payment obligations, causing the loan to go into default.
Definition of "Defaulted Loan" in a line of credit agreement
This definition ties "Defaulted Loan" to lines of credit.
"Defaulted Loan" refers to any loan under a line of credit agreement where the borrower has failed to make the required payments within the specified time frame, leading to default.
Definition of "Defaulted Loan" in a mortgage-backed securities context
This definition connects "Defaulted Loan" to mortgage-backed securities.
"Defaulted Loan" means any loan secured by a mortgage that is in default, thereby affecting the performance of the mortgage-backed securities.
Definition of "Defaulted Loan" in an investment agreement
This definition links "Defaulted Loan" to investment agreements.
"Defaulted Loan" refers to a loan that has failed to meet the repayment schedule, thereby constituting a default under the terms of the investment agreement.
Definition of "Defaulted Loan" in a cross-collateralized loan agreement
This definition applies "Defaulted Loan" to cross-collateralized loans.
"Defaulted Loan" refers to a loan that has gone into default due to nonpayment, where the loan is secured by multiple collateral assets.
Definition of "Defaulted Loan" in a loan covenant context
This definition ties "Defaulted Loan" to loan covenants.
"Defaulted Loan" refers to a loan that has breached one or more of its covenants, resulting in default as per the terms of the agreement.
Definition of "Defaulted Loan" in a private lending agreement
This definition connects "Defaulted Loan" to private lending.
"Defaulted Loan" means a loan between private parties that is considered in default due to the borrower's failure to repay as agreed.
Definition of "Defaulted Loan" in a syndicated loan agreement
This definition links "Defaulted Loan" to syndicated loans.
"Defaulted Loan" refers to a loan in a syndicated loan agreement where the borrower has failed to meet the repayment terms, causing the loan to default.
Definition of "Defaulted Loan" in a loan restructuring context
This definition applies "Defaulted Loan" to loan restructuring.
"Defaulted Loan" refers to a loan that is in default and has been restructured by the lender and borrower to modify the terms of repayment.
Definition of "Defaulted Loan" in a corporate loan agreement
This definition ties "Defaulted Loan" to corporate loans.
"Defaulted Loan" means a loan given to a corporation that has gone into default due to nonpayment or violation of the loan’s terms.
Definition of "Defaulted Loan" in a revolving loan agreement
This definition connects "Defaulted Loan" to revolving loans.
"Defaulted Loan" refers to any revolving loan where the borrower has failed to make timely payments, causing the loan to go into default status.
Definition of "Defaulted Loan" in a convertible loan agreement
This definition links "Defaulted Loan" to convertible loans.
"Defaulted Loan" refers to a convertible loan that has not been repaid as agreed, causing the loan to be classified as defaulted under the agreement.
Definition of "Defaulted Loan" in a construction loan agreement
This definition applies "Defaulted Loan" to construction loans.
"Defaulted Loan" refers to a loan provided for construction purposes that has gone into default due to the borrower's failure to make required payments or meet other conditions.
Definition of "Defaulted Loan" in a working capital loan agreement
This definition ties "Defaulted Loan" to working capital loans.
"Defaulted Loan" means a working capital loan where the borrower has failed to make the required payments, resulting in a default under the loan terms.
Definition of "Defaulted Loan" in a small business loan agreement
This definition connects "Defaulted Loan" to small business loans.
"Defaulted Loan" refers to a loan issued to a small business that is in default due to missed payments or violation of the loan's terms.
Definition of "Defaulted Loan" in a debt restructuring agreement
This definition links "Defaulted Loan" to debt restructuring.
"Defaulted Loan" means any loan that has gone into default and is subject to a restructuring arrangement to modify its terms.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.