(~ed)
1.
If a person, company, or country ~s on something that they have legally agreed to do, such as paying some money or doing a piece of work before a particular time, they fail to do it. (LEGAL)
The credit card business is down, and more borrowers are ~ing on loans...
VERB: V on n
•
Default is also a noun.
The corporation may be charged with ~ on its contract with the government...
N-UNCOUNT: oft N prep, in N
2.
A ~ situation is what exists or happens unless someone or something changes it.
...~ passwords installed on commercial machines...
ADJ: ADJ n
3.
In computing, the ~ is a particular set of instructions which the computer always uses unless the person using the computer gives other instructions. (COMPUTING)
The ~ is usually the setting that most users would probably choose.
...~ settings.
N-UNCOUNT
4.
If something happens by ~, it happens only because something else which might have prevented it or changed it has not happened. (FORMAL)
I would rather pay the individuals than let the money go to the State by ~.
PHRASE: PHR after v, PHR with cl