Real Estate Financing
Loan Default
Short Definition
Borrower's failure to repay loan installments on time, requiring reminders then legal procedures, may lead to property foreclosure.
In Other Languages
Arabic
التعثر في السداد
عجز المقترض عن سداد أقساط القرض في مواعيدها، يستوجب إجراءات تذكير ثم قانونية، قد يؤدي لحجز العقار.
English
Loan Default
Borrower's failure to repay loan installments on time, requiring reminders then legal procedures, may lead to property foreclosure.
Turkish
Kredi Temerrüdü
Borçlunun kredi taksitlerini zamanında geri ödememesi; hatırlatmalar ve ardından yasal prosedürleri gerektirir, mülk haczine yol açabilir.