defaulting


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de·fault

 (dĭ-fôlt′)
n.
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.
4.
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.
1.
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.

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.
Translations

defaulting

[dɪˈfɔːltɪŋ] ADJ
1. (St Ex) → moroso
2. (Jur) → en rebeldía

defaulting

[dɪˈfɔːltɪŋ] adj (debtor, borrower) → inadempiente, moroso/a; (witness) → contumace
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.
However, when these borrowers default on one account, many of them end up defaulting on multiple other accounts at the same time.
The Media industry was the worst performer in 2009, with 45 issuers in that sector defaulting.