default

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Related to Loan Defaults: defaulting

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 ?
To date, there have been no loan defaults or missed payments from borrowers within the pledged portfolio.
The European Bank of Reconstruction and Development (EBRD) has warned about increasing loan defaults in Eastern Europe.
New Delhi: Markets regulator Sebi is considering to revisit its directive on 'loan default disclosure', which will make it mandatory for listed companies to inform stock exchanges about such issues as soon as they occur.
Loan defaults increased in December to the highest level since September 2002 mainly because of the slowdown in the economy.
institutional term loan default rate will end 2018 at 2.5%.
The loan default rates for energy and the E&P subsector will likely close April at 11% and 20%, respectively.
Filings by Peabody and Foresight would propel the metals/mining sector's trailing 12-month (TTM) leveraged loan default rate to roughly 32%, up from 12.9% at end-2015.
New Delhi: The finance ministry has convened a meeting of senior bankers of public lenders dealing with large loan defaults next week as part of an exercise to clean up balance sheet of banks.
For-profit colleges enroll nine percent of all postsecondary students but account for 34 percent of all federal student loan defaults.
He said that NAB's main focus is on mega corruption cases, cases of cheating public at large, cooperative housing societies, fraudulent, financial companies, bank frauds, willful bank loan defaults, misuse of authority, money laundering and embezzlement of state funds etc.
STRONG FINANCIAL STRUCTURE: Fitch's cash flow modeling demonstrates that the state revolving fund (SRF) program can continue to pay bond debt service even if there were loan defaults in excess of Fitch's 'AAA' liability default hurdle.
Custodia Financial, Retirement Loan Eraser (RLE) creator, has announced that it has named Aaron Tabela as Chief Marketing Officer to make 401(k) loan defaults a priority for plan sponsors, the company said.