Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Default Default November 9, 2021 A breech of the agreement with a lender such as the failure to make loan payments in a timely manner.You Might Also Like: All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Family MattersFun Games to Teach Kids About Money Everyday MoneyWhat is the Difference Between a Credit Card and a Debit Card? Family MattersBudget Friendly Easter Basket Ideas