de·fault

(dĭ-fôlt′)

1. Failure to perform a task or fulfill an obligation, especially failure to meet a financial obligation: in default on a loan.

2. Law Failure of a party in a case to make a required court appearance.

3. The failure of one or more competitors or teams to participate in a contest: won the championship by default.

a. Computers A particular setting or value for a variable that is assigned automatically by an operating system and remains in effect unless canceled or overridden by the operator: changed the default for the page margins.

b. A situation or condition that is the case in the absence of active intervention.

v. de·fault·ed, de·fault·ing, de·faults

v.intr.

a. To fail to do what is required.

b. To fail to pay money when it is due.

2. Computers To revert to a default.

3. Law

a. To fail to appear in court as a party to a case when summoned.

b. To lose a case by not appearing.

4. To fail to take part in or complete a scheduled contest.

v.tr.

1. To fail to perform or pay.

2. Law To lose (a case) by failing to appear in court.

3. To fail to take part in or complete (a contest, for example).

Idiom:

in default of

Through the failure, absence, or lack of.

[Middle English defaute, from Old French, from past participle of defaillir, to fail, grow weak : de-, intensive pref.; see de- + faillir; see fail.]

de·fault′er n.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

defaulting

(dɪˈfɔːltɪŋ)

adj

1. (Stock Exchange) guilty of a failure to act, esp a failure to meet a financial obligation: defaulting borrowers.

2. (Law) guilty of a failure to act, esp a failure to meet a financial obligation: defaulting borrowers.

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

Translations

säumig

moroso

defaulting

[dɪˈfɔːltɪŋ] ADJ

1. (St Ex) → moroso

2. (Jur) → en rebeldía

Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005

defaulting

[dɪˈfɔːltɪŋ] adj (debtor, borrower) → inadempiente, moroso/a; (witness) → contumace

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

Mentioned in

References in classic literature

Another was a married man with two children, who had lost money through a defaulting solicitor; he had a bowed look as if the world were too much for him; he went about his work silently, and it was plain that he found it difficult at his age to commit facts to memory.

View in context

oil industry and noted that energy companies with junk-rated bonds had been defaulting at the highest level since 2017.

Kamakura Troubled Company Index Increases by 2.49% to 14.67%

Why do investors lend to national governments with a history of defaulting on external sovereign bonds?

Explaining Why Investors Hold Sovereign Bonds with Default Risk

'If it is BN who is defaulting, it is a different issue.

Finance minister says government will honour 1MDB commitments

The defaulting portfolio was closed out according to Nasdaq Clearing's close-out procedures and has been fully contained.

Nasdaq issues statement regarding member default

Fitch's Top Bonds of Concern list declined 33 percent to $25.3 billion since year-end, with $19 billion defaulting, versus $7 billion of new names entering.

Fitch: Few High Yield Defaults Expected Later This Year

But less commonly discussed are the pathways that student borrowers follow after defaulting on a federal loan.

Executive Summary

PILDAT noted that the percentage of legislators defaulting on this count had surpassed the record available for the past seven years: in 2015, 272 or 23 % legislators had defaulted on this important requirement; 210 or 18% did not submit the statements in time in 2014; 26 legislators were suspended in 2013 when the Election Commission of Pakistan (ECP) had extended the deadline by a week; 154 or 13 % legislators were suspended in 2012 on this count and those suspended in 2010 were 141 or 12% of the total national and provincial legislators.

PILDAT concerns at legislators failing to submit statements of assets

I believe it is illogical to ask community colleges to bear the brunt of the impact of the recession in terms of default sanctions when these same colleges are required by their overarching mission of open access to take in and serve those very students who are at greatest risk of defaulting due to academic and financial need.

High loan default rates putting colleges at risk of severe sanctions

Wonga defended the fee, saying this reflects the extra cost of someone defaulting.

Which? raps fees of payday lenders

Deliberate Defaulting and Reflective Indifference 5.

Deciding by default