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Default

Definitions:

Noun

default

Definition: loss due to not showing up; "he lost the game by default"

default nonpayment nonremittal

Definition: act of failing to meet a financial obligation

nonpayment default nonremittal

Definition: loss resulting from failure of a debt to be paid

default option default

Definition: an option that is selected automatically unless an alternative is specified

Definition: The condition of failing to meet an obligation.

Verb

default default on

Definition: fail to pay up

Definition: To fail to meet an obligation.

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