Third-person singular simple present indicative form of default

plural of defaulter

(economics) That is subject to default

An approach or situation in which something occurs by default, without being explicitly introduced.

plural of defaulting

(law) To fail to appear or answer.

A binding legal judgment in favor of either litigant in a lawsuit based on some failure to take action by the other party.

plural of default judgement

(finance) A put option that makes a payoff in the event the issuer of a specified reference asset defaults.

(finance) A credit derivative contract between two counterparties, whereby the buyer (seller of risk) makes periodic payments to the seller (buyer of risk) in exchange for the right to a payoff if there is a default or other credit event in respect of a third party called reference entity.