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 repay a loan on something (which often results in the loss of that thing). If you default on your car loan, your car might get repossessed.
See also: default, on

by default

1. Used to describe an outcome that happens because nothing has been done to change or prevent it. If you don't start saving money now, while you're young, you'll be working till you're 90 by default.
2. By forfeit. Used to describe a contest whose outcome is determined by a competitor's absence. If the other team can't field enough players, then we'll win by default.
See also: by, default

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

by deˈfault


1 a game or competition can be won by default if there are no other competitors: The other team didn’t even turn up, so we won by default.
2 if something happens by default, it happens because you have not made any other decision or choices which would make things happen differently: It was never my ambition to get into teaching. I became a teacher more by default than by choice.
See also: by, default

in deˈfault of something

(formal) because of a lack of something: They accepted what he had said in default of any evidence to disprove it.
See also: default, of, something

in default of

Through the failure, absence, or lack of.
See also: default, of
References in periodicals archive ?
The most widely held default exposure stems from the January filing of telecom company Avaya, held by 102 CLOs, which emerged from bankruptcy on December 15.
Among US speculative-grade issuers, Moody's forecasting model foresees the default rate falling to 2.
With the pace of defaults down sharply during the past several months, it is likely that the global default rate has now reached its cyclical peak for this credit cycle.
There is no reason why non-waiver clauses should not apply to circumstances such as those here, to permit a landlord to accept untimely rent payments and continue the tenancy without "having such acceptance brandished as evidence of intent to waive a default.
How low is the legal threshold for placing men in the cross hairs of default justice?
In dollar terms, these three issuers alone accounted for approximately 20 percent of all defaults in 2001 The defaults were concentrated in the telecom sector which accounted for 18.
In addition to the IRS, the Department of Labor (DOL) reviewed the facts of the ruling and determined that, as long as the default direct rollover distribution constitutes an employee's entire benefit, the employee will cease to be a plan participant and the distributed assets will cease to be plan assets.
However, most of these resulted from a single event--a court ruling in 1982 invalidating take-or-pay contracts that various municipalities entered into with the Washington Public Power Supply System (WPPSS), which caused the default of more than $2.
The institutional loan retail universe is nearly $20 billion larger in size than high yield and should produce twice the amount of default volume next year.
In all, a total of 32 Moody's-rated corporate debt issuers defaulted in the fourth quarter, which sent the 2009 default count to a record high of 266.
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.