Define: Default

UK Accounting Glossary

Definition: Default


Quick Summary of Default


Failure to meet obligations as they fall due for payment.




What is the dictionary definition of Default?

Dictionary Definition


  1. finance The condition of failing to meet an obligation.
  2. electronics, computing the original software programming settings as set by the factory
  3. A loss incurred by failing to compete.

Advertisement



Full Definition of Default



Advertisement



Default FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/default/
Modern Language Association (MLA):
Default. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 20, 2019 https://payrollheaven.com/define/default/.
Chicago Manual of Style (CMS):
Default. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/default/ (accessed: November 20, 2019).
American Psychological Association (APA):
Default. PayrollHeaven.com. Retrieved November 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/default/

Definition Sources


Definitions for Default are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.