58d57c37_TERMS___Whitehorse_Real_Estate__Definition
[Term] Default [Definition] 
Failure to abide by the terms of a mortgage loan agreement. A failure to make mortgage payments, defaulting on the loan, may give cause to the mortgage holder to take legal action to possess (foreclose) the mortgaged property.
WHITEHORSE REAL ESTATE TERMS - Whitehorse Real Estate
Definition