Default.
Default. Failure by a borrower to meet significant monetary or non-monetary obligations or terms of a loan, grant, or other agreement with the Agency which remain unpaid or unperformed for more than 30 days after the date such obligation is due or required to be paid or performed, or within time periods specified in notices of compliance violations.
Source
7 CFR § 3560.11
Scoping language
Unless otherwise noted, terms listed in this part shall be defined as follows: