Default Meaning Business Dictionary

If something happens by default it happens only because something else which might have.

Default meaning business dictionary. In the world of business and finance it usually refers to failure to pay back a loan. When an individual a business or a nation defaults on a debt obligation the lender or investor has some recourse to reclaim the funds due to them. To fail to do something such as pay a debt that you legally have to do.

Default on secured debt. Meaning pronunciation translations and examples. The noun default refers to the failure to fulfil an obligation.

The noun and verb may also mean an appearance in a court of law or to appear in a court of law respectively. How to use default in a sentence. The verb to default means to fail to repay a loan.