The other lodgers had moved away or had died, or had been turned out in default of payment.

其他的房客都早已搬了，死了，或是因欠付租金而被撵走了。

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Both could very likely get lower interest rates from private lenders if those lenders got the promise of a part-gold payment in the event of default.

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When lots of similar receivables are bundled together in an asset-backed security, the average rates of default, late payment and pre-payment are predictable, so both issuers and investors can be relatively confident of their ability to value the security properly.

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Aron said no, declared Semgroup in default on its contracts and demanded immediate payment of losses.

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