It can mean several things in different capacities. It can mean that the individual has not paid their bills, kept up with their vehicle or homeowners insurance, or paid their child support. Basically, it refers to someone who has not lived up to what they've been ordered or agreed to do.
Not honoring your financial obligations (rent, car payment, insurance, etc.) I would also include not having life and disability insurance if you have a family that depends on your income.
Comments
It can mean several things in different capacities. It can mean that the individual has not paid their bills, kept up with their vehicle or homeowners insurance, or paid their child support. Basically, it refers to someone who has not lived up to what they've been ordered or agreed to do.
Not honoring your financial obligations (rent, car payment, insurance, etc.) I would also include not having life and disability insurance if you have a family that depends on your income.