Redefault

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 1
    A default on a mortgage which has already been modified due to borrower hardship

    "The rate of redefaults has been rising."

Example

More examples

"The rate of redefaults has been rising."

Etymology

From re- + default.

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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.