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Default Person Company Country Legally Agreed Paying Money

query
If a person, company, or country d_______ on something that they have legally agreed to do, such as paying some money or doing a piece of work before a particular time, they fail to do it.If a person, company, or country defaults on something that they have legally agreed to do, such as paying some money or doing a piece of work before a particular time, they fail to do it.
The credit card business is down, and more borrowers are defaulting on loans.
The company defaulted on its initial payment of £40 million.
The corporation may be charged with default on its contract with the government.
The creditors haven't declared them in default.
word default
full-definition
verb
If a person, company, or country defaults on something that they have legally agreed to do, such as paying some money or doing a piece of work before a particular time, they fail to do it.
The credit card business is down, and more borrowers are defaulting on loans.
The company defaulted on its initial payment of £40 million.
The corporation may be charged with default on its contract with the government.
The creditors haven't declared them in default.
adjective
A default situation is what exists or happens unless someone or something changes it.
...default passwords installed on commercial machines.
Death, not life, is the default state of cells.
noun
In computing, the default is a particular set of instructions which the computer always uses unless the person using the computer gives other instructions.
The default is usually the setting that most users would probably choose.
...default settings.
inflections defaultsdefaultingdefaulted
cefr-level C1

Tags: oxford5k::cefr-level:c1

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