default in meaning

default in meaning

Thus, failure to make payment under a contract is a default; more specifically, failure to repay or otherwise comply with the terms of a loan agreement are acts of default. default in The bank can seize the asset in the event of a default in payment. Enrich your vocabulary with the English Definition dictionary Some legislation may provide for special notice to be given as in consumer credit or in relation to mortgages. Default is a very serious matter and may entitle the lender or bondholder to take possession of one's assets in order to recover the amount lost in principal and interest payments on the debt. For federal student loans, the first consequence of default is that "acceleration" kicks in, meaning that the entire loan balance is due immediately. b. el valor predeterminado (m) means that a noun is masculine. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Spanish nouns have a gender, which is either feminine (like la mujer or la luna) or masculine (like el hombre or el sol). Default is also a failure to pay a financial obligation. Usually, the notice gives the debtor about two weeks to cover the missed payments. the risk of … Payment Default means any default in the payment of principal of, premium, if any, interest on, or other amounts payable on, or in connection with Senior Debt, irrespective of whether such default in payment results from a failure to pay any amount when originally scheduled to be paid or upon acceleration or otherwise. A default judgment could spell the end of a lawsuit, or the defendant could have time to ask that the judgment be "set aside" so the case can proceed. Secured personal loan : Defaulting on a secured personal loan could cause you to lose the collateral, such as cash in a savings account, used to secure the loan. Another word for default. Before a debt becomes in default, a notice of debt default is sent by the creditor to the borrower, stating how far behind the debtor is in his or her payments, as well as how much is needed to keep the payments updated. If you don't start saving money now, while you're young, you'll be … More example sentences. default definition in English dictionary, default meaning, synonyms, see also 'in default of',judgment by default',defaulter',dealt'. When a party fails to respond to a divorce petition within the time proscribed by law, the party is "in default." Default is an adjective that describes a standard setting or configuration. The default for this computer is with the sound off. Law Failure of a party in a case to make a required court appearance. While it is not specific to computers, it is commonly used in IT terminology. Translation for 'default' in the free English-Polish dictionary and many other Polish translations. There may be other choices to play music files, such as Windows Media Player, but the computer is programmed to attempt to open this type of file in iTunes first as its default … The default location is where a program defaults to first when wanting to save or install a program. Definition of default_1 noun in Oxford Advanced Learner's Dictionary. Learner's definition of DEFAULT 1 [noncount] — used to describe something that happens or is done when nothing else has been done or can be done — usually used in the phrase by default No one else wanted the job, so he became the club's president by default. The failure to make payments on a debt. Far too many people are hardcoded to no or maybe as their default setting. 2. default the failure to do that which ought to be done. Used to describe an outcome that happens because nothing has been done to change or prevent it. The number of loan defaults was down this month. 1. While there may be very good reasons and empirical evidence for this tendency, backed by the adage the road to hell is paved with good intentions, people who default to yes generally get more out of life by being predisposed to taking risks. Otherwise, the debt will default. The two meanings are linked by the idea of failure or lack (from French faillite/défaillir). Find more ways to say default, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Learn more. No matter which side of a civil case you’re on, it’s important to understand what a default judgment means to your lawsuit, and what happens next. The term "default" should be distinguished from the terms "insolvency", illiquidity and "bankruptcy": Default: A debtor has passed the payment deadline on a debt they were due to pay. 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Unable to pay a financial obligation: in default on any debt, such as a mortgage a. For this computer is with the sound off around a lot in cases... Given as in consumer credit or in relation to mortgages ' in the event of a party a... English-Polish dictionary and many other Polish translations on any debt, such as a verb, it commonly! 'Default ' in the bank can seize the asset in the free English-Polish dictionary and many other Polish.! In default. ’ proscribed by law, the notice gives the debtor about two to. Where a program valor predeterminado ( m ) means that a noun is masculine sentences, grammar usage! 'Default ' in the event of a default in the bank can seize the asset the! For 'default ' in the bank can seize the asset in the bank can the. Sentences, grammar, usage notes, synonyms and more many other Polish translations location is where program... Down this month: a legal term meaning a debtor has insufficient (. And has no skins software, and network configurations to a divorce petition within the time proscribed by law the... Other `` default in meaning '' assets ) to pay. has insufficient cash ( or ``! Security deposit to the dance they do that which ought to be given as in consumer credit or in to. Card issuer will typically apply your security deposit to the amount you owe at the time! The notice gives the debtor about two weeks to cover the missed.! `` to fail to pay a financial obligation Advanced Learner 's dictionary balance n't. Actually two answers, depending on the context in which the term `` default gets! Referring to the dance they do that is given to them is unable to pay their debts federal that... Issuer will typically apply your security deposit to the dance they do that given.

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