He added that none of these loans have gone into default since the program was set up five years ago.

Some analysts say that many of these loans are likely to go into default once again.

Without a budget in place, the city would go into default on Monday.

Of the 250 homes sold, only two have gone into default.

The company must raise the necessary funds by next week if it is to avoid going into default.

That action put many of the county's bond issues into technical default.

When the economic crisis came, thousands of loans went into default.

If a hospital goes into default, taxpayers will be left with the bill.

The loans have since gone into default, and the Government is expected to experience heavy losses on them.

He soon took out $700,000 in loans that went into default.