default

Definition

The condition of failing to meet an obligation.

Etymology

From Middle English defaut, defaute, from Old French defaute (“fault, defect, failure, culpability, lack”), ultimately from Latin de- (“away”) + fallo (“deceive, cheat, escape notice of”).

Example Sentences

• "He failed to make payments on time, and he is now in default."
• "You may cure this default by paying the full amount within a week."
• "The deadline has passed, so the debt is now in default."