default
In technology, this word conveys a sense of a safety net or a baseline. It is the path of least resistance, representing the state of things when no human intervention has occurred. It suggests a standard, predictable starting point that ensures a system remains functional even without user input.
In finance and law, the tone shifts to one of failure and breach of contract. It carries a heavy negative connotation of negligence or insolvency. While a technical default is a helpful preset, a financial default is a critical collapse of trust and legal agreement.
Countable when referring to a specific preselected setting in a menu. Uncountable when referring to the legal state of failing to pay a debt.
Meanings
A preselected option adopted by a computer program when no alternative is specified.
The system returns to the default settings after a reset.
The failure to fulfill an obligation, especially the failure to make a payment on a loan.
The company went into default after missing three consecutive payments.
To fail to fulfill an obligation, especially a financial one.
The borrower defaulted on the loan last year.
Phrasal Verbs
default on
fail to make a required payment or fulfill a legal obligation
The company defaulted on its corporate bonds after the market crashed.