Default: Any setting in a device or piece of software that is the assumed setting, as unchanged by the user or other software. The assumed position when no other parameters are defined.

 

Related Words

Default: A failure to discharge a duty. The term is most often used to describe the occurrence of an event that cuts short the rights or remedies of one of the parties to an agreement or legal disput . . . View Full Definition

Default Risk: A differential in promised yield that compensates the investor for the risk inherent in purchasing a corporate bond that entails some risk of default.

Notice Of Default: A notice to a defaulting party announcing that a default has occurred. The defaulting party is usually provided a grace period during which to cure the default. Notices of default are freque . . . View Full Definition

Default Page: The default page setting should be set to whatever the default (or index) page is in your site's directories. Usually, this will be 'index.html', but on Windows IIS servers, it is often 'Def . . . View Full Definition

Cross-Default: A provision of many junior mortgages stipulating that a default in one mortgage also triggers a default in the mortgage in which the clause appears.

Default Notice: This is a letter reminding a debtor that they haven't paid their debt. This must be issued by a creditor in respect of debts covered by the Consumer Credit Act 1974 before any further action . . . View Full Definition

Events Of Default: A statistical study that examines how the release of information affects prices at a particular time.

Default Premium: Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture.

Cold-Calling: Refers to the fact that the merger of two firms lessens the probability of default on either firm's debt.

Bankruptcy Risk: The risk that a firm will be unable to meet its debt obligations. Also referred to as default or insolvency risk.