n.默认(值), 缺省(值), 食言, 不履行责任, [律]缺席
v.疏怠职责, 缺席, 拖欠, 默认, i.e.:default on their loans

[@more@]This week, they (Chinese banks) revealed that they face default on Rmb1,550bn of loans indirectly to the government.