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What does default refer to-?

Updated: 11/9/2022
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9y ago

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the failure to pay back a loan

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Taya Kuphal

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1y ago
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9y ago

The word default has several meanings. When referring to a computer program or mechanism, it means to revert automatically to a preselected option. The word default also means failure to fulfill an obligation or legal agreement.

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the failure to pay back a loan

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