Definition of Default
Default
de·fault
Definition/Meaning
(noun)
failure to complete a payment or appear at court;
e.g. Your loan is now in default after missing two major payments on the mortgage.
(noun)
original technology or preselected computer settings;
e.g. The default setting on this laptop is that it goes on standby after 5 minutes of inactivity.
(verb)
to fail to complete a payment or appear in court;
e.g. She had defaulted on her student loan.
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