Meaning Of The Word Default

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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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