What's the difference between default and foreclosure?

Default


Definition:

  • (n.) A failing or failure; omission of that which ought to be done; neglect to do what duty or law requires; as, this evil has happened through the governor's default.
  • (n.) Fault; offense; ill deed; wrong act; failure in virtue or wisdom.
  • (n.) A neglect of, or failure to take, some step necessary to secure the benefit of law, as a failure to appear in court at a day assigned, especially of the defendant in a suit when called to make answer; also of jurors, witnesses, etc.
  • (v. i.) To fail in duty; to offend.
  • (v. i.) To fail in fulfilling a contract, agreement, or duty.
  • (v. i.) To fail to appear in court; to let a case go by default.
  • (v. t.) To fail to perform or pay; to be guilty of neglect of; to omit; as, to default a dividend.
  • (v. t.) To call a defendant or other party whose duty it is to be present in court, and make entry of his default, if he fails to appear; to enter a default against.
  • (v. t.) To leave out of account; to omit.

Example Sentences:

  • (1) And, according to a letter leaked to the BBC last week , he reckons he has found one: default-on.
  • (2) It’s unclear too whether Google will continue to pay Mozilla to be the default browser in countries outside the US, Russia and China when the current deal ends in December.
  • (3) Difficulties in their management are attributable to late presentation, high patient default rate, complete lack of radiotherapy, and shortage of chemotherapeutic agents.
  • (4) Francis dismissed the suggestion that changing the fine defaulting policy would significantly reduce the prisoner population, saying defaulters made up less than 0.4% of the total prison population, both male and female.
  • (5) "The default switch should be set to release information unless there is an extremely good reason for withholding it.".
  • (6) Couldn't the rest of the eurozone just let Greece default on its debts?
  • (7) One way they are doing this is to replace cookies, which worked fairly well for a long time when people accepted their browsers' default configuration, which until fairly recently has been to allow most cookies.
  • (8) Two patients defaulted (1 on each treatment) and 7 patients died during the study from non-drug-related causes.
  • (9) It’s a damp squib, a bit of a nothing result,” a leading energy analyst said of a report that is widely expected to endorse provisional findings released in March , and recommend price controls on prepayment meters and setting up a customer database to help rival suppliers target customers stuck on expensive default tariffs.
  • (10) The bulk flow model of intracellular trafficking predicts that forward transport from the ER through the Golgi to the plasma membrane proceeds by default without a special signal being required (Wieland, F.T., Gleason, M. L., Serafini, T. A., and Rothman, J. E. (1987) Cell 50, 289-300).
  • (11) Brazil GDP growth There is no immediate risk of a default.
  • (12) According to their study, the market consistently expects default to occur if a country's debt reaches twice its GDP.
  • (13) Things only got worse in 1998 when Russia defaulted on its loans: the people of this area once again lost what little they had saved, and the oligarchs just got richer, in yet more deals that Russians perceived, with some justification, to have been brokered by the west.
  • (14) As City analysts warned that a "Grexit" was growing more likely by the day, the cost of insuring Spanish debt against default rose.
  • (15) It results in porn becoming, by default, sex education.” The site originally debunked porn myths but she later launched a streaming service, where couples could upload their sex tapes.
  • (16) That was what triggered the bank closures and capital controls, which have taken Greece’s crisis to a new level this week as it became the first developed country to default on an IMF loan.
  • (17) Slowing growth, financial fragility, governments teetering on the brink of insolvency and default, and clear signs of a public backlash against the excesses of the rich and powerful: all have created a sombre backdrop to the invitation-only affair.
  • (18) "If ratings agencies see a rollover [of Greek debt] as a partial default, contagion to other peripheral eurozone countries will occur."
  • (19) Or will it slip inexorably into the unchartered waters of default and economic catastrophe?
  • (20) The program runs in accelerated time, and accepts defaults to continue without changes as long as desired.

Foreclosure


Definition:

  • (n.) The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.

Example Sentences:

  • (1) There had been speculation in congress that Obama might announce an agreement with the US's largest mortgage brokers over the so-called "robo-signing" scandal, in which bank officials signed foreclosure documents without properly reviewing them.
  • (2) Picture Detroit today and the images that probably come to mind are of " ruin porn " (the now infamous term for beautifully shot photos of dilapidated buildings); urban exploring (the new craze of creeping around abandoned complexes as seen in Jim Jarmusch's new film Only Lovers Left Alive ) and foreclosure frenzy (there are now nearly 80,000 empty homes to be torn down or fixed up in Motor City).
  • (3) They conceptualized attitudes toward AIDS, developed items reflecting diffusion, foreclosure, moratorium, and achievement statuses in development, and assessed their relationships to identity and intimacy, while predicting overall that general maturity, as measured by high identity and intimacy, would relate positively to precautionary attitudes toward AIDS.
  • (4) About 18% of May home sales were foreclosures or short sales, and were sold cheaply: at about a 15% discount.
  • (5) Discriminant analyses of substance use, across the achievement, moratorium, foreclosure, and diffusion identity statuses, yielded significant functions for each grade comparison (7th to 12th).
  • (6) Correlations among family dimensions and the identity status scales indicate family factors were related to identity status in the following ways: Little conflict predicted the foreclosure identity status for both sexes.
  • (7) What matters for competition is, increasingly, “effects” – whether business practices lead to the foreclosure or flight from the market of equally efficient competitors.
  • (8) As Jonathan Zittrain points out : A document called “Jonathan Zittrain foreclosure of 123 Main St” might be (if I were an EU citizen) ripe for removal as a result under “Jonathan Zittrain”, but not under “123 Main St foreclosure”.
  • (9) These are people who came of age during difficult economic times, who have watched debt eat holes in their economy and in the US at least have seen waves of foreclosures.
  • (10) Still, Americans continue to be plagued by massive unemployment, foreclosures, the threat of austerity and economic insecurity while those who caused those problems have more power and profit than ever.
  • (11) What, how?” Between 2005 and 2007, 67,000 houses went into mortgage foreclosure in Detroit.
  • (12) It doesn't exactly stretch credulity, however, to recognize that banks provide bonuses to the best producers – whether they produce derivatives, mortgages or foreclosures.
  • (13) Banks, who hold the great stock of housing because of housing-bust dump of foreclosures, are limiting the supply of foreclosed homes for sale so that there isn't a glut on the market.
  • (14) I’m just thoroughly disgusted.” ‘It’s elder financial abuse’ Mnuchin, who is also a Hollywood movie producer , earned the nickname “ foreclosure king ” after he purchased distressed mortgages during the financial crisis and evicted thousands of homeowners.
  • (15) Foreclosure prevention: 75,000 fewer people would receive foreclosure prevention, rental, and homeless counseling services.
  • (16) Many Hispanic families have been forced to move home because of foreclosures since the collapse of 2008, which in turn would have caused many of them to lose their electoral registration.
  • (17) Florida has one of the highest rates of foreclosures on its homes, and though Celebration has been less pummelled than many of the state's towns, it is still hurting.
  • (18) It maintains and even expands all of the worst qualities of the foreclosure crisis – the distance between the owners of mortgages and the servicing companies; the fees that encourage servicers to foreclose; the inability to get far-flung investors to work together to fix mortgages.
  • (19) The sample was composed of 31 Achievers, 31 Moratoriums, 30 Foreclosures, and 26 Diffusions.
  • (20) It was found that both genders used the identity statuses (process) comparably, except for foreclosure which characterized males significantly more than females.