Default Meaning. Unless something else is agreed the default is to meet. A failure to pay financial debts was in default on her loan mortgage.
To fail to do something such as pay a debt that. Apr 01 2021 phrase. Aug 04 2015 In computer terminology the word default.
As a verb it means to fail to pay.
Default is the failure to repay a debt including interest or principal on a loan or security. Aug 04 2015 In computer terminology the word default. Used to describe an outcome that happens because nothing has been done to change or prevent it. The number of loan defaults was down this month.
