Definitions from Wiktionary (default)

▸ noun:  (finance) The condition of failing to meet an obligation.
▸ noun:  (finance) The condition of being an obligation that has not been met.
▸ noun:  (electronics, computing) the original software programming settings as set by the factory
▸ noun:  A loss incurred by failing to compete.
▸ noun:  A selection made in the absence of an alternative.
▸ noun:  (often attributive) A value used when none has been given; a tentative value or standard that is presumed.
▸ noun:  (law) The failure of a defendant to appear and answer a summons and complaint.
▸ noun:  (obsolete) A failing or failure; omission of that which ought to be done; neglect to do what duty or law requires.
▸ noun:  (obsolete) Lack; absence.
▸ noun:  (obsolete) Fault; offence; wrong act.
▸ verb:  (intransitive) To fail to meet an obligation.
▸ verb:  (intransitive, law) To fail to appear and answer a summons and complaint.
▸ verb:  (intransitive, finance) To fail to fulfill a financial obligation.
▸ verb:  (intransitive) To lose a competition by failing to compete.
▸ verb:  (ambitransitive, computing) To assume a value when none was given; to presume a tentative value or standard.
▸ Also see default

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