UnivSource.com - Your Most Comprehensive Source for Information on Universities
Google
  Web UnivSource.com

You're Here : UnivSource Home > Vocabulary Builder (Beta Version)


The current version of the vocabulary builder covers over 2720 words & is useful for students preparing for academic English examinations such as SAT, GRE, GMAT, etc. Now you can also listen to the pronunciation of words. - Refer a Friend.


SocialTwist Tell-a-Friend

default (noun) failure to act, or to pay amounts due.

Your default is your failure to act, or to pay regularly the money you have to pay, especially on mortgages, hire purchase, and the like. Also, you win a game by default, if there are no more competitors, or because they have failed to turn up. Your failure to take action on a matter is your default.

  • John borrowed a huge sum of money to start a liquor business. However, his plans went haywire when the Government banned the sale and consumption of liquor, so John is now in default of repayment of the loans he had borrowed.
  • The company went into liquidation after its loan defaults rose to a record high of $60 million and the lenders forced the company to file a petition for liquidation.
Useful Links
Download Our iPhone App
Download Our Android App
Earn Your Degree Online
Earn Your Art & Design Degree Online
Earn Your Business Degree Online
Earn Your Culinary Degree Online
Earn Your Education Degree Online
Earn Your Health Care Degree Online
Earn Your Law & Justice Degree Online
Earn Your Psychology Degree Online
Earn Your Technicians Degree Online
Earn Your Technology Degree Online
US Universities by Name
US Universities by Program
US Universities by State
Canadian Universities by Name
Canadian Universities by Region
Feedback

Last Modified : 11-May 2009
Best viewed with 1024 x 768 resolution & Microsoft Internet Explorer