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A notice of default is a notification given to a borrower stating that he or she has not made their payments by the predetermined deadline, or is otherwise in default on the mortgage contract. Other ways a borrower may be in default include not providing proper insurance coverage for the property, or not paying due property taxes as agreed. -- Wikipedia

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What is an IRS notice of deficiency? - IRS Office Near Me

A notice of deficiency is a proposed increase of tax and your notice to dispute the deficiency in tax court.
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