default verb - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “default”

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default

verb [I]
 
 
/dɪˈfɔːlt/
FINANCE to fail to pay interest or other money that is owed: default on a payment/a mortgage/your rent If a company defaults on its rent, another tenant can be found. I have never defaulted or been late with previous payments.
LAW to fail to keep to an agreement or contract: default on an agreement/a contract They claimed that education providers had defaulted on their agreement with students to provide a course.
IT to happen or appear automatically in a particular way, if a user does not make a different choice: If you do not enter a value it will default to a delay of 20 seconds.
(Definition of default verb from the Cambridge Business English Dictionary © Cambridge University Press)
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