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default British & World English

Failure to fulfil an obligation, especially to repay a loan or appear in a law court

default English Thesaurus

the recession has been accompanied by a rise in the incidence of defaults on loans

by default British & World English

Because of a lack of opposition

in default British & World English

Guilty of failing to repay a loan or appear in a law court

go by default British & World English

(Of a case) be decided in favour of one party because of lack of opposition by the other party

in default of British & World English

In the absence of

default to in default British & World English

(Of a computer program or other mechanism) revert automatically to (a preselected option)

credit default swap British & World English

A financial contract whereby a buyer of corporate or sovereign debt in the form of bonds attempts to eliminate possible loss arising from default by the issuer of the bonds. This is achieved by the issuer of the bonds insuring the buyer’s potential losses as part of the agreement

judgement in default British & World English

Judgement awarded to the plaintiff on the defendant’s failure to plead

by default in default British & World English

Because of a lack of opposition

in default in default British & World English

Guilty of failing to repay a loan or appear in a law court

go by default in default British & World English

(Of a case) be decided in favour of one party because of lack of opposition by the other party