{"iri":"http://lmss.sali.org/R7U0Y6j3u18HyTLnqyoaqFq","id":"R7U0Y6j3u18HyTLnqyoaqFq","label":"Breach of Loan Contract","definition":"A Loan Default occurs when a borrower fails to meet the legal obligations or conditions of a loan agreement, typically involving missed payments or breach of other terms. This default triggers legal consequences and can lead to actions such as foreclosure, repossession, or litigation.","prefLabels":["Loan Default"],"altLabels":["Borrower Default","Debt Default","Loan Agreement Breach","Loan Payment Default"],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RlNFgB3TQfMzV26V4V7u4E","label":"Objectives"},"parents":[{"iri":"http://lmss.sali.org/RC2fjcpsEbrVvVymvt4oASx","id":"RC2fjcpsEbrVvVymvt4oASx","label":"Breach of Contract"}],"children":[],"relations":[],"url":"https://lmss.io/tag/R7U0Y6j3u18HyTLnqyoaqFq/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}