default

(redirected from Loan Default)
Also found in: Dictionary, Thesaurus, Legal, Financial.

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 © 1981-2019 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.
References in periodicals archive ?
Given the significant pledged resources, Fitch's cash flow modeling demonstrates that the SRF program can continue to pay bond debt service even with hypothetical loan defaults of 100% over the first, middle and last four-year period of the bonds life.
The IFRS Standards which came into effect on January 1 2018, require banks to set aside funds in advance to mitigate loan defaults.
Student loan default rates are declining as the economy recovers.
The national average for a loan default rate is about 14 percent.
Argentina reportedly owes their creditors US$ 300 million, a part of a US$ 100 billion loan default, the largest default in history, which occurred when the country found itself in a financial crisis a decade ago.
Yesterday (13 Feb), representatives of Bank St Petersburg told us that an old troubled, largeticket loan defaulted late in 2011, which will damage the bank's net profit for 4Q11 and 1H12.
The historically Black private institution of 3,400 students has consistently posted loan default rates that are below federal and state averages, winning praise from the U.S.
The proposed rules seek to protect students from taking on unsustainable debt they cannot repay and to protect taxpayers from high loan default rates.
In the leveraged loan market, a total of four Moody's-rated loan defaulters were recorded in the second quarter, lifting the year-to-date loan default count to 15.
In the leveraged loan market, a total of 13 Moody's-rated loan defaulters were recorded in the fourth quarter, sending the 2009 loan default count to 113.
commercial real estate in having the highest loan default rate, according to real estate data analyst firm Trepp LLC.
Even while the national student loan default rate increased, the New Hampshire Higher Education Assistance Foundation, which guarantees the state's student loans, was able to maintain one of the six lowest student loan default rates in the nation for the seventh year in a row.