Definitions

1. noun

a setting or value that is used when no other value is specified or when there is no other alternative

“The default font size is 12 points.”

2. verb

to use or set a default setting or value

“The software defaults to the highest security settings by default.”

3. verb

to make something the default or usual option

“The company defaulted to a new payment plan to save costs.”

4. noun

a payment or installment that is not made on time

“The customer’s default on the loan led to a significant increase in interest rates.”

5. noun

a state of being unable or unwilling to pay a debt or fulfill a financial obligation

“The company’s default on its bonds led to a financial crisis.”