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be deemed to be in default (It means you have not complied with the terms of a contract, for instance, you have not made the scheduled payments on a loan.  answers.com Alexander Demidov) | |||
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| be deemed to be in default (It means you have not complied with the terms of a contract, for instance, you have not made the scheduled payments on a loan. answers.com Alexander Demidov) | |||