default
to fail to do something that you are required to do
TRANSLATION
default = eine Verpflichtung nicht einhalten to be in default = in Verzug sein default = der Standard default (EDV) = die Standardeinstellung by default = automatisch --- GOOGLE INDEX default: approximately 3,000,000,000 Google hits
STATISTICS
IN THE PRESS
The Income Tax Department has said mobile phone maker Nokia has DEFAULTED on some tax payments and has also raised questions on recent changes in its accounting policy and business strategy.
(Economic Times, India)
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The company is updating users' software with an ad-blocking feature as the DEFAULT setting.
(CNBC.com)
(Economic Times, India)
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The company is updating users' software with an ad-blocking feature as the DEFAULT setting.
(CNBC.com)
Did you
know?
default
verb
- to fail to do what is required
- to fail to pay money when it is due
noun
- a particular setting or value for a variable that is assigned automatically by an operating system and remains in effect unless canceled or overridden by the operator
- a situation or condition that occurs in the absence of active intervention
(American Heritage Dictionary)
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Etymology: from the Vulgar Latin "defallita" (to deceive, cheat, cause to be mistaken) by way of the Old French "defaute" (fault, defect, failure).
For those who believe we mistakenly entered too many zeroes in today's Google index, think again. With the word "default," we celebrate the first ever OWAD with a Google index in the billions. That's an outstanding distinction for a rather banal term.
This etymological badge of honour comes as no surprise however. When used in the context of failing to do something, especially paying a financial obligation, default is a very common legal term found in a wide variety of contracts. The financial crisis that began in 2007 shed an unflattering light on the term "credit default swap" for instance. The WiseGeek.com website provides a common sense explanation:
Let's say John borrows some money from Suzy. Suzy might decide that she doesn't want to assume the risk of default, so she approaches Julian and negotiates a credit default swap. Suzy pays Julian premiums (additional money) in exchange for his assumption of the risk of the loan. If John repays the loan successfully, the contract ends. If he decides not to pay it however, Julian must pay Suzy the face value of the loan.
U.S. investment bank JP Morgan pioneered this concept in the 1990s. By 2007, credit default swaps had grown to twice the size of the U.S. stock market. Because these instruments were unregulated, irregularities arose to become a major factor in the ensuring crisis.
Default is also used in the sense of something that is standard, such as a software setting or computer configuration (The default font is Arial). And when combined with the preposition "by," default is used when something occurs due to a lack of alternatives (John got the job by default after the other candidates expressed no interest).
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SYNONYMS
neglect, omit, fail, welch
to be derelict or delinquent
---
SMUGGLE OWAD into today's conversation
"If you default on your electricity bill, your power could be cut off."
---
Thanks to Birgit for suggesting today's word!
verb
- to fail to do what is required
- to fail to pay money when it is due
noun
- a particular setting or value for a variable that is assigned automatically by an operating system and remains in effect unless canceled or overridden by the operator
- a situation or condition that occurs in the absence of active intervention
(American Heritage Dictionary)
---
Etymology: from the Vulgar Latin "defallita" (to deceive, cheat, cause to be mistaken) by way of the Old French "defaute" (fault, defect, failure).
For those who believe we mistakenly entered too many zeroes in today's Google index, think again. With the word "default," we celebrate the first ever OWAD with a Google index in the billions. That's an outstanding distinction for a rather banal term.
This etymological badge of honour comes as no surprise however. When used in the context of failing to do something, especially paying a financial obligation, default is a very common legal term found in a wide variety of contracts. The financial crisis that began in 2007 shed an unflattering light on the term "credit default swap" for instance. The WiseGeek.com website provides a common sense explanation:
Let's say John borrows some money from Suzy. Suzy might decide that she doesn't want to assume the risk of default, so she approaches Julian and negotiates a credit default swap. Suzy pays Julian premiums (additional money) in exchange for his assumption of the risk of the loan. If John repays the loan successfully, the contract ends. If he decides not to pay it however, Julian must pay Suzy the face value of the loan.
U.S. investment bank JP Morgan pioneered this concept in the 1990s. By 2007, credit default swaps had grown to twice the size of the U.S. stock market. Because these instruments were unregulated, irregularities arose to become a major factor in the ensuring crisis.
Default is also used in the sense of something that is standard, such as a software setting or computer configuration (The default font is Arial). And when combined with the preposition "by," default is used when something occurs due to a lack of alternatives (John got the job by default after the other candidates expressed no interest).
---
SYNONYMS
neglect, omit, fail, welch
to be derelict or delinquent
---
SMUGGLE OWAD into today's conversation
"If you default on your electricity bill, your power could be cut off."
---
Thanks to Birgit for suggesting today's word!
