default

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default

1. a failure to act, esp a failure to meet a financial obligation or to appear in a court of law at a time specified
2. judgment by default Law a judgment in the plaintiff's favour when the defendant fails to plead or to appear
3. Computing
a. the preset selection of an option offered by a system, which will always be followed except when explicitly altered
b. (as modifier): default setting

default

[di′fȯlt]
(computer science)
A value automatically used or an action automatically carried out unless another is specified.

default

A substantive failure to fulfill a material obligation under a building contract.

default

The pre-set value or action taken by software. Application programs have many defaults, including margin settings, font style, the printer that should be used and the folder name for saving files. Although pre-determined by the vendor, a default setting can be changed by the user (see settings).

Because a particular setting may affect how the hardware operates, there are also "hardware defaults." However, unless there are physical switches or levers on the equipment, the hardware default setting is configured in the software.

Default is also a verb. For example, "the program defaults to xyz," means that the program does xyz unless directed otherwise. See default browser, default folder, default drive, default font and default gateway.
References in periodicals archive ?
A well-functioning secured transactions system also contributes to private sector development by significantly increasing access to credit for those firms who need it the most and decreasing the cost of credit through better terms and conditions.
There are no any serious antinomies between the proposed system and the national law system, and we only have a problem of adaptation of secured transactions system to the existing legislation in Azerbaijan , Wohlers said.
Drake focuses his practice on business and corporate transactions and commercial finance and secured transactions.
He said that secured transactions bill would add an important step in helping business people in to secure funds adding that this touched on 90% of the population.
Secured transactions under the Uniform Commercial Code and international commerce, 2d ed.
Patented in Korea, its proprietary CD credit card technology has proven to be a highly anticipated vehicle for secured transactions by online consumers of Korea.
Prequalification are invited for Secured Transactions Reform - Designing a New Legal Framework.