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 ?
The November defaults resulted in an increase of exposure to defaulted issuers held by Fitch-rated U.
Moody's default rate forecasting model now predicts that under the baseline scenario, the global speculative-grade default rate will finish this year at 2.
Global and US default rates decrease for first time since January 2008
An average of 33,615 notices of default, or NODs, have been filed quarterly since 1992, when DataQuick's NOD statistics begin.
Importantly, it also provided that if Bentley was not "in monetary default under the Lease at any time" (emphasis supplied) during the first three years of the lease, then the guaranty would terminate.
State audits have found that a full 80 percent of default dads don't make even that much.
In dollar terms, these three issuers alone accounted for approximately 20 percent of all defaults in 2001 The defaults were concentrated in the telecom sector which accounted for 18.
While the distribution of defaults provides compelling evidence of differences in default risk, comparing the incidence of default against new issuance volume enables the calculation of actual default rates.
The weighted average recovery rate on all defaults through September 2010 is 54% of par, above 2009's 34.
high-yield default rate will finish 2018 at 2%, the lowest rate since 2013 and below the non-recessionary 2.
The ratings agency's default rate forecasting model now predicts that the global speculative-grade default rate will fall sharply over the next year to 3.
Subguard programs are insurance policies purchased by construction managers that, according to policy terms, obligate the insurance company to reimburse the construction manager for costs incurred because of subcontractor default.