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

Definition Sources


Definitions for Default are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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