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had defaulted

Example Sentences

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The decision by a court in Liege came after Standard’s former owner Bruno Venanzi and shareholders of the company holding the club’s stadium requested the move, saying 777 had defaulted on a payment.

From Seattle Times May 16, 2024

In January, more than 100 financial sleuths were dispatched to the Guangzhou headquarters of China Evergrande Group, a real estate giant that had defaulted a year earlier under $300 billion of debt.

From New York Times Dec. 5, 2023

The government had defaulted in the payment of its loans, and it had to restructure its debt with creditors to qualify for the IMF bailout.

From BBC May 18, 2023

The bank alleged that the trust had defaulted on more than $4 million in loans and sought a restraining order prohibiting the transfer of the trust’s properties and freezing the trust’s bank account.

From Los Angeles Times Apr. 7, 2023

In August it leapt to 25.44 percent, and by the end of the year it stood at 37.7 percent—more than a third of the pool of borrowers had defaulted on their loans.

From "The Big Short" by Michael Lewis