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4 Comments Already
May 19th, 2010 @3:36 pm
It means you have violated one or more terms of a contract, usually by not making payments on time.
May 19th, 2010 @3:43 pm
Failure to me financial obligations on the agreed schedule.
May 19th, 2010 @4:26 pm
It means you stopped paying
It means you are delinquent on a loan or a bill.