default
de-fault
noun
A failure to fulfil an obligation, especially a financial payment or duty.
"The company was in default on its loan."
noun
A standard preselected option or setting used if no alternative is chosen.
"The software's default language is English."
verb
To fail to fulfil an obligation, particularly to repay a debt.
"The borrower defaulted on their mortgage."
Thesaurus
Synonyms: default option, nonpayment, nonremittal, default on