👉 Unrepayable, also known as a default, is a financial term used in legal and business contexts to describe a debt that has not been fully repaid by its borrower. It is similar to an outstanding balance for purposes of payment history or credit reporting, but it does not involve the payment of any interest on the debt. Unrepayable debts are typically considered non-performing assets and can have serious consequences for both individuals and businesses. In legal terms, unrepayable debts are
