default

(redirected from defaulted)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Idioms, Wikipedia.

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 ?
The defaulted securities were grouped by year of original issuance and compared to municipal debt issuance in that year to arrive at cumulative default rates (percentages of bonds that eventually defaulted).
Through September 2010, 19 issuers have defaulted on $5 billion in bonds versus 131 issuers and $90.
Taxpayers ultimately foot the bill for defaulted student loans, so the low default rate of Minnesota borrowers is good news for all of us in the state," said Taige Thornton, Northstar Guarantee's president and chief executive officer.
Asmus said COC's future students shouldn't be deprived access to loans because past students defaulted on their responsibilities.
Many lenders get into trouble in attempting to work out (renegotiate) defaulted loans due to inartfully drawn work-out agreements.
The gatekeepers have strong financial incentives to prevent and pursue defaulted loans.
Assuming an average recovery rate of between 31% and 50%, ratings on defaulted securities would fall to either 'CC' or 'CCC-' upon a payment default or the consummation of a distressed debt exchange.