default

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in default of (something)

Due to the absence or lack of something; through the failure of something. Though it was only a speeding ticket, Janet was imprisoned in default of paying the fine. In default of concrete evidence, the jury was obligated to acquit the defendant of murder.
See also: default, of

default on something

to fail to act in some way regarding something, such as failing to make a payment, thereby losing one's right to the thing in question. You are not going to default on your loan, are you? She defaulted on her mortgage payments and lost the house.
See also: default, on

in default of

Through the failure, absence, or lack of, as in In default of a better solution, we'll have to make do with this one. This term was originally put as for default of, but John Gower had the current wording in Confessio Amantis (1397): "The fish, if it be dry, might in default of water die." [Late 1200s]
See also: default, of

in default of

Through the failure, absence, or lack of.
See also: default, of
References in periodicals archive ?
While Fitch does not anticipate that the default rate will rise above its long-term average of 5.
In its study, Equifax linked anonymous borrower credit information to CoreLogic loan-level, mortgage-backed securities data to measure default distance at every point in the life of all non-agency securitized loans.
In the US, the speculative-grade default rate dropped from 9.
Moody's default rate forecasting model now predicts, under the baseline scenario, that the European speculative-grade default rate will ease to 2.
Most of the loans that went into default in the 2006 fourth quarter were made from January 2005 to February 2006.
In all events, Madison argued, it could not have waived Bentley's monetary default because the lease contained a non-waiver provision.
Thigpen was able to get the default judgment set aside--not canceled--on grounds of excusable neglect and mistaken identity, thereby blocking the wage garnishment until the mother and child settled the question once and for all by checking their DNA against Pierce's.
For example, since the database only covers defaults that occurred since 1980, bonds issued in 1978 that defaulted in 1979 would not appear, resulting in a lower than actual cumulative default rate for that year.
Students who default because they don't have the money needn't worry about IRS persecution: The income-contingent option protects them.
3 billion in bond defaults in the first nine months of 2009.
the speculative-grade default rate ended the fourth quarter of 2009 at 13.
Subguard programs are insurance policies purchased by construction managers that, according to policy terms, obligate the insurance company to reimburse the construction manager for costs incurred because of subcontractor default.
At the end of the third-quarter foreclosure activity, as measured by notices of default, was at its lowest level since this record-keeping began in 1992, Karevoll said.
TCC") a wholly owned California limited partnership, has cured the previously announced technical default on a $1.
Fitch expects the rate of defaults to increase consistent with the levels of defaults in the last six months.