In general, this refers to the case where the developing country’s external debt accumulates and the debtor does not fulfill its contractual repayment obligations. There are two types of default: when a creditor declares to a debtor, and when the debtor refuses to pay. Japanese says “Sai mu fu ri ko”.
default on financial obligations, Breach of contract failure to meet obligation, defaulter; default of obligation, default, non-fulfillment of obligation, delinquency, default of an obligation, nonfulfillment of obligation, event of default; delinquency on a debt. Japanese says “Sai-Mu-Fu-Ri-Ko”. > example stuff さいむふりこう 漢字
Default is the failure to meet the obligations promised by the contract. Japanese says “Sai-Mu-Fu-Ri-Ko”. [Kanji] default ON a debt T-Shirts
[Kanji] default ON a debt T-Shirt The debtor does not perform to the creditor in accordance with the purpose of the debt without justifiable reason. Japanese says “Sai-Mu-Fu-Ri-Ko”.