defaults
Pronunciation: [dɪˈfɔlts]
Context: “finance”
(noun) a situation where someone fails to fulfill a financial obligation, like not paying back a loan on time. If a person takes a loan and doesn't pay it back, that's a default.
Example
The bank reported no defaults on their loans this year, which is great for their business.
Example
She faced serious problems because of multiple defaults on her credit card payments.
Example
What happens if someone defaults on their mortgage?
Context: “finance”
(verb) to fail to pay back a loan or meet an obligation. It means not doing what you promised with your money.
Example
He defaulted on his loan, but the bank worked with him to find a solution.
Example
If she defaults on her payments again, she might lose her house.
Example
What are the consequences if a borrower defaults?
Context: “technology”
(noun) a pre-set option or setting that applies automatically when no other choice is made. Think of it like the standard choice on a computer when you don’t pick anything else.
Example
The software uses defaults that are really user-friendly for everyone.
Example
I changed the settings, but it reverted to the defaults without saving my changes.
Example
What are the default settings for this application?
Context: “technology”
(verb) to use a pre-set option or setting automatically. This means that something happens without needing to choose anything else.
Example
When I opened the program, it defaulted to the last file I was working on.
Example
Instead of defaulting to the main page, it went to an error screen.
Example
Does the system default to a language setting when you first start it?