What Does It Mean To Be In Default

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Posted on September 11, 2018 at 08:06 AM

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You can Hear Or Save This Videos What Does It Mean to Set Something as a Default? : Data Organization & Computer Skills

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What does it mean to "default" on my federal student loans?
Default is the failure to repay a loan according to the terms agreed to in the promissory note. For most federal student loans, you will default if you have not made a payment in more than 270 days.
What does 'default' mean? - Quora
Default, in a programming context, means a set of settings which are used when the program is first installed. Most programs can be reset to the default settings, if a program doesn't work because you changed the settings you should reset to default settings.
Default (finance) - Wikipedia
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity.

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