See Also: default(1)(dictionary)
default(2)(dictionary)
Default(finance)
DEFAULT(law)
default(medicine)
Default(money)
Default risk(finance)
Events of default(finance)
Default premium(finance)
Latent default(finance)

default(2) (iou)



default verb. ME.
[from the noun; partly suggested by Old & mod. French defaut 3 pres. indic. of defaillir: see DEFAILLANCE.]
verb intrans. Be lacking or deficient. Long rare. ME.
verb intrans. Fail in strength, faint. LME-E17.
verb trans. Put in default; Law declare in default and enter judgement against (a party). LME.
verb intrans. Fail to fulfil an obligation (now esp. financial) or engagement (also foll. by on an obligation etc.); fail to appear in court or take part in a contest; lose a case etc. by default. L16.
J. Gross When it came to it the other contributors defaulted, so he took on the job single-handed.
verb trans. Fail to fulfil (an obligation); lose by default; fail to make payment of. M17.
T. C. Wolfe When her boarders defaulted payments she seized their belongings. New Yorker Let's go..and have a nice beer and default the fourth set.