Explanation: if a company fails to make debt repayments on time, or at all, it defaults on the debt.
如果一個企業不能按時或全額償還債務，那么我們當然說它是在拖欠債務。下面是一個生動的例子：
Washington Public Power Supply System (WPPSS) which owns the dubious honor of the biggest municipal bond default in history said its proposed refunding has been rescheduled for after Labor Day. WPPSS earned its Wall Street nickname Whoops when it defaulted on roughly one-fourth of the more than $8 billion of bonds it sold in the 1970s and early 1980s to build five nuclear power plants.
