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what default means:
(finance) The condition of failing to meet an obligation. (electronics, computing) the original software programming settings as set by the factory A loss incurred by failing to compete. A selection made in the absence of an alternative. (often attributive) A value used when none has been given; a tentative value or standard that is presumed. (law) The failure of a defendant to appear and answer a summons and complaint. (obsolete) A failing or failure; omission of that which ought to be done; neglect to do what duty or law requires. (obsolete) Lack; absence. (obsolete) Fault; offence; wrong act. (intransitive) To fail to meet an obligation. (intransitive) To lose a competition by failing to compete. (intransitive, computing) To assume a value when none was given; to presume a tentative value or standard. (intransitive, law) To fail to appear and answer a summons and complaint.