in default of payment

简明释义

不付款

英英释义

例句

1.Customers will incur late fees in default of payment after the due date.

客户在到期日后未付款将产生滞纳金。

2.The bank may seize the collateral in default of payment on the loan.

银行可能会在贷款未付款的情况下没收抵押品。

3.The service will be suspended in default of payment for more than 30 days.

如果超过30天未付款，服务将被暂停。

4.The company will initiate legal proceedings in default of payment for the overdue invoices.

公司将对逾期发票提起法律诉讼，因未付款。

5.The landlord has the right to terminate the lease in default of payment of rent.

房东有权在租金未付款的情况下终止租约。

作文

In the world of finance and business, various terms and conditions govern transactions and agreements. One such term that often arises in contracts and financial discussions is the phrase in default of payment. This phrase refers to a situation where a party fails to fulfill their obligation to make a payment as agreed upon in a contract. Understanding this term is crucial for anyone involved in financial dealings, whether they are individuals, businesses, or institutions.When a borrower takes out a loan, they enter into a contractual agreement with the lender, which includes specific terms regarding repayment. If the borrower fails to make the scheduled payments, they are said to be in default of payment. This can have serious consequences, including late fees, increased interest rates, or even legal action taken by the lender to recover the owed amount. For instance, consider a small business that has taken out a loan to expand its operations. The business owner creates a detailed plan to ensure timely repayments. However, due to unforeseen circumstances, such as a sudden drop in sales or unexpected expenses, the business struggles to meet its financial obligations. If the owner misses a payment, the business is now in default of payment. This default can not only jeopardize the business's relationship with the lender but can also affect its credit rating, making it difficult to secure future financing.The implications of being in default of payment extend beyond just financial penalties. It can lead to a loss of trust between parties involved in a transaction. For example, if a supplier does not receive payment from a retailer on time, they may hesitate to continue doing business with that retailer in the future. This breakdown in trust can have long-lasting effects on business relationships and can hinder opportunities for collaboration and growth.Moreover, being in default of payment can result in legal repercussions. Lenders may seek to recover the owed amount through court proceedings, which can be time-consuming and costly for both parties. In some cases, the lender may choose to repossess collateral that was put up against the loan. For individuals, this could mean losing their home or vehicle, while businesses might lose essential equipment or inventory.To avoid falling in default of payment, it is essential for borrowers to maintain open communication with their lenders. If a borrower anticipates difficulty in making a payment, they should reach out to the lender as soon as possible. Many lenders are willing to work with borrowers to create alternative payment plans or to provide temporary relief in times of financial hardship. This proactive approach can help prevent defaults and preserve the borrower’s credit standing.In conclusion, understanding the phrase in default of payment is vital for anyone engaged in financial transactions. It highlights the importance of fulfilling financial obligations and the potential consequences of failing to do so. By staying informed and maintaining clear communication with lenders, borrowers can navigate their financial responsibilities more effectively, avoiding the pitfalls associated with defaulting on payments. Ultimately, being responsible with payments fosters trust and reliability in business relationships, paving the way for future success.

在金融和商业的世界中，各种术语和条件支配着交易和协议。其中一个常见的术语是短语in default of payment。这个短语指的是一方未能按照合同约定履行支付义务的情况。理解这个术语对任何参与金融交易的人来说都是至关重要的，无论他们是个人、企业还是机构。当借款人贷款时，他们与贷方签订了一份合同，其中包括有关还款的具体条款。如果借款人未能按计划进行还款，则称其为in default of payment。这可能会带来严重后果，包括滞纳金、利率上升，甚至贷方采取法律行动以追回欠款。例如，考虑一家小企业为了扩大运营而申请的贷款。企业主制定了详细的计划以确保按时还款。然而，由于不可预见的情况，例如销售突然下降或意外支出，企业难以满足其财务义务。如果企业主错过了一次付款，那么该企业现在就处于in default of payment状态。这种违约不仅可能危及企业与贷方的关系，还可能影响其信用评级，使其难以获得未来的融资。处于in default of payment状态的影响不仅限于财务处罚。它可能导致交易双方之间信任的丧失。例如，如果供应商未能按时收到零售商的付款，他们可能会犹豫在未来继续与该零售商做生意。这种信任的破裂可能对商业关系产生长期影响，并阻碍合作和发展的机会。此外，处于in default of payment状态可能会导致法律后果。贷方可能会通过法院程序寻求追回欠款，这对双方来说都可能是耗时且成本高昂的。在某些情况下，贷方可能选择收回抵押贷款时提供的担保物。对于个人而言，这可能意味着失去他们的房屋或车辆，而企业可能失去重要的设备或库存。为了避免陷入in default of payment，借款人必须与贷方保持开放的沟通。如果借款人预计在支付方面会遇到困难，他们应尽快联系贷方。许多贷方愿意与借款人合作，制定替代的还款计划或在财务困难时期提供临时缓解。这种积极的做法可以帮助防止违约，并维护借款人的信用状况。总之，理解短语in default of payment对任何参与金融交易的人来说都是至关重要的。它突显了履行财务义务的重要性以及不履行义务可能带来的后果。通过保持信息畅通并与贷方保持清晰的沟通，借款人可以更有效地应对财务责任，避免与违约相关的陷阱。最终，负责任的支付行为促进了商业关系中的信任和可靠性，为未来的成功铺平了道路。