WordValenoun
default
failure to repay a loan as agreed
In more detail
1. (noun) a situation in which something is accepted or used because nothing else is chosen or available
2. (noun) a failure to do something that you are required to do, such as paying a debt
3. (verb) to fail to do something you are required to do
Examples
- 1. When nobody volunteered, the teacher became the default choice for organizing the field trip.
- 2. The bank warned him about his loan default.
- 3. If you default on your mortgage payments, the bank may take your house.
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