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    • Member Info
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      • Brazilian Portuguese
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    #1

    What does "default" in this context mean?

    People who default on their mortgage repayments may have their home repossessed.

    I didn't get it :/

    • Member Info
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      • English Teacher
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    #2

    Re: What does "default" in this context mean?

    fail to fulfil their payment duties

    • Member Info
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    #3

    Re: What does "default" in this context mean?

    To repossess = to lose?

    Will people loose their home in this context?
    Last edited by guliver; 25-Sep-2011 at 22:18.

    • Member Info
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    #4

    Re: What does "default" in this context mean?

    Yes, if the bank "re-possesses" (takes possession again) the borrowers will lose their home.

    Note: "Lose" and "loose" are two different words.

    • Member Info
      • Member Type:
      • Student or Learner
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      • Brazilian Portuguese
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    #5

    Re: What does "default" in this context mean?

    Yeah, I knew it! Sorry... I made a mistake!

    Thank very much guys!

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