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Default
01
loss due to not showing up
02
a predefined option based on which a computer or other device performs a particular task unless it is changed
03
loss resulting from failure of a debt to be paid
04
a failure to fulfill official demands and obligations especially ones concerning financial matters
to default
01
to fail at accomplishing an obligation, particularly a financial one
02
(of a computer program) to always do the same thing unless instructed differently
Example
Failing to repay the loan on time could cause the borrower to default.
The software automatically assigns a default file name based on the date and time of creation.
The smartphone's default wallpaper is a scenic landscape, but users can customize it with their own photos.
The software's default font size is 12 points, but users can adjust it to their preference in the settings.
In the event of default, the lender has the right to seize and sell the collateral to recover the outstanding debt.
