What Does It Mean To Be In Default

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Posted on September 11, 2018 at 21:12 PM



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What does default mean? - Definitions.net
Default′er, one who fails to appear in court, or to account for money entrusted to his care, or to settle a debt of honour.— Judgment by default , judgment given against a person because he fails to plead or make an appearance in court.
What does 'default' mean? - Quora
Default, in a programming context, means a set of settings which are used when the program is first installed. Most programs can be reset to the default settings, if a program doesn't work because you changed the settings you should reset to default settings.
Default (finance) - Wikipedia
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity.

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