verb (used without object)
- to fail to participate in or complete a scheduled game, race, etc.
- to lose a scheduled game, race, etc., by default.
verb (used with object)
- to fail to compete in (a scheduled game, race, etc.).
- to lose by default.
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Idioms for default
Origin of default
OTHER WORDS FROM defaultnon·de·fault·ing, adjective, nounpre·de·fault, noun, verbun·de·fault·ed, adjectiveun·de·fault·ing, adjective
Words nearby default
What does default mean in finance?
Default is the failure to meet one’s financial obligations, for example, when a borrower misses or stops making monthly loan payments. Default on a loan can make it difficult to get loans in the future and may have other serious consequences.
If a person defaults on a home mortgage, the bank may foreclose on the loan and take over ownership of the property, to sell it in order to recoup as much of the unpaid portion of the loan as possible.
The term not only applies to individuals, but also to businesses and governments that cannot pay back their debts.
Default can also mean failure to account properly for money in one’s care.
Examples of default in a sentence
“Borrowers pay interest to lenders to compensate them for the use of borrowed funds, and as a safeguard against the borrower defaulting on the loan.”
—”What Is A Good Interest Rate?” Rocket Loans. Retrieved March 15, 2020.
“You may qualify for some types of credit or loan approvals using a co-signer or someone close to you who guarantees they will be legally responsible for paying back your debt if you default on the loan or cannot make payments.”
—”Bad Credit Is Scary: 5 Quick Strategies To Improve Your Credit Score” Rocket Loans. Retrieved March 15, 2020.
“Residential mortgage default is a complex event triggered by a host of household and socio-economic events. The recent collapse of the subprime market, coupled with the imposing downturn in the housing and broader economic markets has resulted in a rapidly expanding rate of mortgage defaults, many of which end in foreclosure and REO [real estate owned, that is, by the lender].”
—Allen C. Goodman and Brent C. Smith, “Housing Defaults: Theory Works and so Does Policy,” Introduction, Federal Reserve Bank of Richmond, Diane Publishing: 2010.
Example sentences from the Web for default
Wherever possible, work from home should still be the default while we try to contain the virus.I’m a physician and a CEO. Why I won’t bring my employees back to the office before Labor Day 2021|matthewheimer|August 26, 2020|Fortune
Elsewhere, mobile browsers including UC Browser, Brave, Opera Mini and Adblock Browser block ads by default.‘The inevitable maturation of the industry’: Desktop ad blocking is past its peak|Lara O'Reilly|August 20, 2020|Digiday
Rich results are the details that appear in addition to the default blue links and text descriptions.
The only two options were nofollow links or dofollow links, the latter being the default for all hyperlinks.
What is less known though, is that Google updated the default segment “Performed Site Search” from “sessions” to “users” not long ago.Eight great tips for internal site search optimization|Marco Bonomo|June 18, 2020|Search Engine Watch
Are we all so stuck in our roles that when a given issue comes up, we just default to type?
We should expect the default to be civility, not harassment.
The typical trend is for writers and actors to default to the crudest element of what makes their show work, and lean on that.
Out of the box, the device is set to a default statistical mode, but within a week, the monitor gets more accurate.Are We Turning Our Babies Into Real Life Tamagotchis?|Brandy Zadrozny|August 7, 2014|DAILY BEAST
There was no threat of default, government shutdown, huge cuts in government spending, or sharp tax increases.
The act is to be read at every election of fellows, &c., under a penalty of 40 in case of default.
Even baby Henry at two was lisping the prayers that Sam would let go by default unless carefully guarded.Mark Twain, A Biography, 1835-1910, Complete|Albert Bigelow Paine
In default of acid you may add a little Jamaica ginger and sugar to the water, making a weak ginger tea.
In default of better, Macaulay was always for employing the tools which came to hand.Life and Letters of Lord Macaulay|George Otto Trevelyan
But Roland, caring little whether they followed or not, retraced his own steps in default of those of the bandits.The Companions of Jehu|Alexandre Dumas, pre
British Dictionary definitions for default
- the preset selection of an option offered by a system, which will always be followed except when explicitly altered
- (as modifier)default setting
Word Origin for default
Cultural definitions for default
Failure to pay a debt when it is due.
Idioms and Phrases with default
see in default of.