default >> /dəˈfɔlt/
Definition: [noun] Failure to fulfill an obligation, especially to repay a loan or appear in a court of law.
Example: it will have to restructure its debts to avoid default
Definition: [noun] A preselected option adopted by a computer program or other mechanism when no alternative is specified by the user or programmer.
Example: the default is fifty lines
Definition: [intransitive verb] Fail to fulfill an obligation, especially to repay a loan or to appear in a court of law.
Example: some had defaulted on student loans
Definition: [intransitive verb] (of a computer program or other mechanism) revert automatically to (a preselected option)
Example: when you start a fresh letter the system will default to its own style