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 ?
At the close of August, the percentage of companies with a default probability between 1% and 5% was 11.64%, an increase of 1.80% from the prior month.
Defaults are part of what behavioural economists call the choice architecture, which steers our decisions in specific directions.
Greece defaulted for the first time on its external bonds in 1826.
Leveraged Loan Default Insight Report: Loan Default Rate Poised to Finish 2018 Below 2.5% Forecast; No September Defaults Yet" is available at www.fitchratings.com.
Chinese authorities said that they are expecting mainland companies to default more on bonds as authorities clamp down on excessive borrowing.
In line with the 2016 Medium Term Budget Policy Statement (MTBPS) announcement, National Treasury today publishes a second draft of the retirement funds default regulations, made in terms of section 36 of the Pension Funds Act (No.
BANKING AND CREDIT NEWS-August 18, 2016-S&P, Experian report drop in bank card default rates
First mortgage defaults dropped eight basis points, to 0.69%.
The data showed that three regions-- North America, Western Europe and Southeast Asia--accounted for the bulk of loan defaults at 76.9 per cent all together.
Currently, few colleges or universities face any real penalty for defaults. Schools whose students' default rate exceeds 30 percent for a three-year period, or 40 percent in a single year, can be declared ineligible to participate in federal loan and grant programs, but few exceed those thresholds - 21 colleges last year, 20 of them private for-profit colleges.
Summary: The trailing 12-month global speculative-grade default rate finished the first quarter of 2015 at 2.3%
If you touch Opera and click "Always", you will have it as your default browser.