in default of payment

基本解释

The other lodgers had moved away or had died, or had been turned out in default of payment.
其他的房客都早已搬了，死了，或是因欠付租金而被撵走了。
Should the Lessee be in default of rent payment within the said period, the Lessee agrees that this contract then becomes extinct without any notification.
如果承租人某月逾期未交租金，承租人同意出租人立即从保证金中扣除应收款项作为租金。
Commitment should be made in advance that in case Party B is in default of payment, the interest rate of 15% per year shall be borne to Party B in addition to the payment.
乙方应事先做出承诺：如果乙方拖欠付款，则除了付款之外，乙方每年还要另支付15% 的利息；
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Both could very likely get lower interest rates from private lenders if those lenders got the promise of a part-gold payment in the event of default.
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When lots of similar receivables are bundled together in an asset-backed security, the average rates of default, late payment and pre-payment are predictable, so both issuers and investors can be relatively confident of their ability to value the security properly.
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Aron said no, declared Semgroup in default on its contracts and demanded immediate payment of losses.
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