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Meaning of defoltear

defoltear: It is a verb created from the English default (difol) in its financial meaning of "default". It is "to cause a country to stop fulfilling its debt commitments."; DEFOLTEAR fall or fall into default the economy of a country. Fall into default for lack of financial resources and international credits to cover external debt commitments. Some synonyms, words or similar expressions may be default, fall into default, default cessation