DEFAULTS Meaning and
Definition
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Defaults, in the context of finance or technology, refer to pre-set or predetermined settings, conditions, or values that are automatically established in a system or contract when no alternative or specific choice has been made. These predefined parameters are generally applicable when an individual or entity does not take any action or fails to make a deliberate decision within a given timeframe. The term "defaults" usually implies a process where a particular course of action or condition is automatically activated or applied when no explicit alternative has been selected.
In financial contexts, defaults commonly pertain to the failure of a borrower to fulfill the terms of a loan agreement, resulting in a breach of contract. This failure can include non-payment, late payments, or not meeting other contractual obligations. As a consequence, the lender may impose certain penalties, such as charging late fees or initiating legal actions.
Similarly, in technology or software systems, defaults are the preloaded settings or configurations that an application or device uses until the user modifies them to align with their own preferences. These defaults are typically used by developers to provide a starting point or a recommended configuration that suits the needs of a majority of users, while still allowing customization for individual requirements.
Overall, defaults represent the automatic or standard setting established in the absence of an explicit choice, serving as a convenient and practical approach for facilitating decision-making and system operation.
Top Common Misspellings for DEFAULTS *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for DEFAULTS
Etymology of DEFAULTS
The word "defaults" originated from the Latin word "defaltus", which is a combination of "de" (meaning "out of" or "from") and "fallere" (meaning "to fail" or "to deceive"). In the late 14th century, the term "default" emerged in English, referring to a failure to fulfill an obligation or duty. Over time, it evolved to encompass the concept of a failure to make payment, particularly in financial contexts. The plural form, "defaults", simply denotes multiple instances of this failure.
Similar spelling words for DEFAULTS
Conjugate verb Defaults
CONDITIONAL
I
would default
we
would default
you
would default
he/she/it
would default
they
would default
FUTURE
I
will default
we
will default
you
will default
he/she/it
will default
they
will default
FUTURE PERFECT
I
will have defaulted
we
will have defaulted
you
will have defaulted
he/she/it
will have defaulted
they
will have defaulted
PAST
I
defaulted
we
defaulted
you
defaulted
he/she/it
defaulted
they
defaulted
PAST PERFECT
I
had defaulted
we
had defaulted
you
had defaulted
he/she/it
had defaulted
they
had defaulted
PRESENT
I
default
we
default
you
default
he/she/it
defaults
they
default
PRESENT PERFECT
I
have defaulted
we
have defaulted
you
have defaulted
he/she/it
has defaulted
they
have defaulted
I
am defaulting
we
are defaulting
you
are defaulting
he/she/it
is defaulting
they
are defaulting
I
was defaulting
we
were defaulting
you
were defaulting
he/she/it
was defaulting
they
were defaulting
I
will be defaulting
we
will be defaulting
you
will be defaulting
he/she/it
will be defaulting
they
will be defaulting
I
have been defaulting
we
have been defaulting
you
have been defaulting
he/she/it
has been defaulting
they
have been defaulting
I
had been defaulting
we
had been defaulting
you
had been defaulting
he/she/it
had been defaulting
they
had been defaulting
I
will have been defaulting
we
will have been defaulting
you
will have been defaulting
he/she/it
will have been defaulting
they
will have been defaulting
I
would have defaulted
we
would have defaulted
you
would have defaulted
he/she/it
would have defaulted
they
would have defaulted
I
would be defaulting
we
would be defaulting
you
would be defaulting
he/she/it
would be defaulting
they
would be defaulting
I
would have been defaulting
we
would have been defaulting
you
would have been defaulting
he/she/it
would have been defaulting
they
would have been defaulting
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