default of (on) interest

简明释义

拖欠支付利息

英英释义

例句

1.After missing several payments, the borrower was officially in default on interest with the bank.

借款人错过几次付款后，正式与银行处于违约利息状态。

2.The loan agreement clearly stated the consequences of default of interest.

贷款协议清楚地说明了违约利息的后果。

3.He was advised to refinance his debt to avoid default on interest.

他被建议重新融资以避免违约利息。

4.The company faced bankruptcy due to a default on interest payments that they could not meet.

由于无法支付利息，公司的财务状况面临破产，导致了违约利息。

5.Investors were worried about the default of interest when the government announced budget cuts.

当政府宣布削减预算时，投资者对违约利息感到担忧。

作文

In the world of finance, the term default of (on) interest refers to a situation where a borrower fails to make the required interest payments on a loan or debt obligation. This can occur for various reasons, such as financial difficulties, mismanagement of funds, or unexpected changes in the economic environment. When a borrower defaults on interest payments, it can lead to severe consequences not only for the borrower but also for the lender and the broader financial system. Understanding this concept is crucial for both individuals and businesses to navigate their financial responsibilities effectively.To illustrate the implications of default of (on) interest, let’s consider a hypothetical scenario involving a small business. Imagine a local bakery that has taken out a loan to expand its operations. The owner has diligently made every payment until an unexpected downturn in the economy leads to a significant drop in sales. As a result, the bakery struggles to meet its financial obligations and ultimately misses an interest payment on the loan.This missed payment signifies a default of (on) interest, which could have serious repercussions. Firstly, the lender may impose penalties or late fees, increasing the overall debt burden on the bakery. Secondly, the lender could report the default to credit reporting agencies, which would negatively impact the bakery’s credit score. A lower credit score makes it more difficult for the business to secure future loans, hampering its growth potential.Moreover, if the bakery continues to miss payments, the lender might initiate foreclosure proceedings, leading to the loss of the business premises and equipment. This scenario highlights the importance of maintaining open communication with lenders. If the bakery owner had reached out to discuss the financial difficulties, the lender might have offered a temporary deferment or restructuring of the loan terms to avoid a default of (on) interest.On a larger scale, widespread defaults on interest payments can lead to systemic risks within the financial system. For instance, during the 2008 financial crisis, many homeowners defaulted on their mortgage payments, which were often bundled into complex financial products. The resulting wave of defaults created a ripple effect, leading to significant losses for banks and financial institutions, ultimately causing a global economic downturn.In conclusion, understanding the implications of default of (on) interest is essential for anyone involved in borrowing or lending money. It is not just a matter of missing a payment; it can have far-reaching consequences that affect creditworthiness, business viability, and even the stability of the financial system. Therefore, proactive financial management, including budgeting and maintaining clear communication with lenders, is vital to prevent falling into the trap of defaulting on interest payments. By doing so, borrowers can safeguard their financial health and contribute to a more stable economic environment.

在金融领域，短语default of (on) interest指的是借款人未能按时支付贷款或债务义务的利息。这种情况可能由于多种原因而发生，例如财务困难、资金管理不善或经济环境的意外变化。当借款人未能支付利息时，这不仅会对借款人产生严重后果，还会对贷方和更广泛的金融系统造成影响。理解这一概念对于个人和企业有效地管理其财务责任至关重要。为了说明default of (on) interest的影响，让我们考虑一个涉及小型企业的假设场景。想象一家当地的面包店已经借款以扩大其经营。业主一直按时还款，直到经济出现意外下滑，导致销售额大幅下降。因此，面包店难以满足其财务义务，最终错过了贷款的利息支付。这次错过的付款标志着一次default of (on) interest，这可能会带来严重的后果。首先，贷方可能会收取罚款或滞纳金，从而增加面包店的整体债务负担。其次，贷方可能会将违约情况报告给信用报告机构，这将对面包店的信用评分产生负面影响。较低的信用评分使得企业更难获得未来的贷款，阻碍其增长潜力。此外，如果面包店继续错过付款，贷方可能会启动止赎程序，导致失去商业场所和设备。这个场景突显了与贷方保持开放沟通的重要性。如果面包店的业主能够主动联系讨论财务困难，贷方可能会提供临时延迟或重新结构化贷款条款，以避免default of (on) interest的发生。在更大范围内，大规模的利息违约可能导致金融体系内的系统性风险。例如，在2008年金融危机期间，许多房主未能按时偿还抵押贷款，这些贷款通常被打包成复杂的金融产品。随之而来的违约潮导致银行和金融机构遭受重大损失，最终引发全球经济衰退。总之，理解default of (on) interest的影响对于任何涉及借贷的人来说都是至关重要的。这不仅仅是错过一次付款的问题；它可能会产生深远的后果，影响信用状况、商业生存能力，甚至金融系统的稳定。因此，积极的财务管理，包括预算编制和与贷方保持清晰沟通，对于防止陷入利息违约的陷阱至关重要。通过这样做，借款人可以保护他们的财务健康，并为更稳定的经济环境做出贡献。