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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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

default

[di′fȯlt]
(computer science)
A value automatically used or an action automatically carried out unless another is specified.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

default

A substantive failure to fulfill a material obligation under a building contract.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.

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.
Copyright © 1981-2025 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.
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References in periodicals archive
The Kamakura expected cumulative default curve for all rated companies worldwide widened as the one-year expected default rate increased by 0.17% to 1.48% and the 10-year rate increased by 0.76% to 14.93%.
Question the purpose of defaults: Once you have identified a default, ask yourself about its purpose and who it was created by.
Outright debt repudiation is rare, as almost all defaults are settled with restructurings, with haircuts well below 100 percent.
The September TTM large middle market default rate is 1.2%, below the 2.3% broadly syndicated loan level.
At the same time, Lim said the Pakatan Harapan (PH) administration will not allow Malaysia to default as it will trigger a downgrade in international ratings.
While default is common for student borrowers, it is far from a permanent status.
The AGF categorically stated that no default judgement was entered against Nigeria in the enforcement proceedings by P and ID as the Federal Government through its foreign solicitors, Messrs.
Ratings and credit scores have an ambiguous timeframe and do not answer the question of what is driving the default risk.
Sindh Revenue Board Chairman Khalid Mahmood, in a notification, said taxpayers who would deposit 'arrears of tax (principal amount) plus 5% of default surcharge ...
Global Banking News-May 18, 2018--China expects bond defaults to increase
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