Vocabulary Spotlight

Default

Part of Speech: Noun, Verb

Definition: Failure to fulfill an obligation, especially a financial one; in technology, a preselected option.

“The company went into default after failing to make its loan payments.”

Pronunciation

[dih-fawlt]

Synonyms, Antonyms & Related Words

Synonyms

Neglect
Nonpayment
Failure
Forfeit
Omission

Antonyms

Payment
Fulfillment
Compliance
Satisfaction
Achievement

Related Words

Defaulted (verb)
Defaulting (verb)

Word Origin

“Default” originates from Old French “defaute,” meaning a lack or failure. In English, it evolved to signify a failure to meet obligations.

Word Family

Verb: Default – To fail in fulfilling an obligation.

Noun: Default – A preselected option or a failure to act.

Mnemonics

Think of “default” as “de-fall” — failing to meet an obligation or falling short in action.

Industry-specific Usage

Finance

In finance, default means a borrower has failed to make a required payment on a debt.

Technology

In technology, default settings are the preselected options in software or systems.

Legal

In law, default can refer to a failure to respond to a legal summons, resulting in a default judgment.

In Context

Defaulting on responsibilities, such as payments or agreements, has serious repercussions in finance, law, and other areas, as it implies failure to meet established expectations.

Vocabulary Challenges

1. What does “default” mean in finance?

Failure to make a payment
Making a payment
Switching options
Following through on a plan

“Failure to make a payment” is correct, as default in finance involves not meeting a payment obligation.

2. Fill in the blank: Due to financial difficulties, the business went into ________ on its loans.

compliance
default
success
profit

“Default” is correct, as it describes failure to make payments.

3. In which context might the word “default” be used?

When a debt payment is missed
When a task is completed on time
When a project succeeds
When a new technology is installed

“When a debt payment is missed” is correct, as default often implies non-fulfillment of obligations.