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English definition of “default”

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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