Meaning Of The Word Default

Real Dictionary

What's the definition of Default? Find Default meanings, definitions and more at the Real Dictionary online.

Default Meaning

Default Definition
Default Definition

What's The Definition Of Default?

default in Accounting
verb: If a person or organization defaults on a payment, they fail to pay an amount that they owe.

default in American English
failure to do something or be somewhere when required or expected
intransitive verb: to fail in fulfilling or satisfying an engagement, claim, or obligation
noun: failure to act; inaction or neglect
transitive verb: to fail to perform or pay

default in British English
noun: a failure to act, esp a failure to meet a financial obligation or to appear in a court of law at a time specified
verb: to fail to make payment when due

default in Finance 1
noun: A default is a failure to pay money that is owed.

default in Finance 2
verb: If a person or organization defaults on a payment, they fail to pay an amount they owe.

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