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

Full Definition of Default

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
Modern Language Association (MLA):
Default. Payroll & Accounting Heaven Ltd. July 21, 2019
Chicago Manual of Style (CMS):
Default. Payroll & Accounting Heaven Ltd. (accessed: July 21, 2019).
American Psychological Association (APA):
Default. Retrieved July 21, 2019, from website:

Definition Sources

Definitions for Default are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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