noun. ['dɪˈfɔlt'] loss due to not showing up.
verb. ['dɪˈfɔlt'] fail to pay up.
noun. ['dɪˈfɔlt'] an option that is selected automatically unless an alternative is specified.
noun. ['dɪˈfɔlt'] loss resulting from failure of a debt to be paid.
noun. ['dɪˈfɔlt'] act of failing to meet a financial obligation.