Liability vs. Default
Liabilitynoun
An obligation, debt or responsibility owed to someone.
Defaultnoun
(finance) The condition of failing to meet an obligation.
‘He failed to make payments on time and is now in default.’; ‘You may cure this default by paying the full amount within a week.’;
Liabilitynoun
A handicap that holds something back, a drawback, someone or something that is a burden to whoever is required to take care of them; an individual or action that exposes others to greater risk.
Defaultnoun
the original software programming settings as set by the factory
Liabilitynoun
The likelihood of something happening.
Defaultnoun
A loss incurred by failing to compete.
‘The team's three losses include one default.’;
Liabilitynoun
The condition of being susceptible to something.
Defaultnoun
A selection made in the absence of an alternative.
‘The man became the leader of the group as a default.’;
Liabilitynoun
The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
Defaultnoun
A value used when none has been given; a tentative value or standard that is presumed.
‘If you don't specify a number of items, the default is 1.’;
Liabilitynoun
That which one is under obligation to pay, or for which one is liable.
Defaultnoun
(legal) The failure of a defendant to appear and answer a summons and complaint.
Liabilitynoun
the state of being legally obliged and responsible
Defaultnoun
(obsolete) A failing or failure; omission of that which ought to be done; neglect to do what duty or law requires.
‘This evil has happened through the governor's default.’;
Liabilitynoun
an obligation to pay money to another party
Defaultnoun
(obsolete) Lack; absence.
Liabilitynoun
the quality of being something that holds you back
Defaultnoun
(obsolete) Fault; offence; wrong act.
Defaultverb
(intransitive) To fail to meet an obligation.
‘If you do not make your payments, you will default on your loan.’;
Defaultverb
(intransitive) To lose a competition by failing to compete.
‘If you refuse to wear a proper uniform, you will not be allowed to compete and will default this match.’;
Defaultverb
To assume a value when none was given; to presume a tentative value or standard.
‘If you don't specify a number of items, it defaults to 1.’;
Defaultverb
To fail to appear and answer a summons and complaint.
Defaultnoun
A failing or failure; omission of that which ought to be done; neglect to do what duty or law requires; as, this evil has happened through the governor's default.
Defaultnoun
Fault; offense; ill deed; wrong act; failure in virtue or wisdom.
‘And pardon craved for his so rash default.’; ‘Regardless of our merit or default.’;
Defaultnoun
A neglect of, or failure to take, some step necessary to secure the benefit of law, as a failure to appear in court at a day assigned, especially of the defendant in a suit when called to make answer; also of jurors, witnesses, etc.
‘Cooks could make artificial birds and fishes in default of the real ones.’;
Defaultverb
To fail in duty; to offend.
‘That he gainst courtesy so foully did default.’;
Defaultverb
To fail in fulfilling a contract, agreement, or duty.
Defaultverb
To fail to appear in court; to let a case go by default.
Defaultverb
To fail to perform or pay; to be guilty of neglect of; to omit; as, to default a dividend.
‘What they have defaulted towards him as no king.’;
Defaultverb
To call a defendant or other party whose duty it is to be present in court, and make entry of his default, if he fails to appear; to enter a default against.
Defaultverb
To leave out of account; to omit.
‘Defaulting unnecessary and partial discourses.’;
Defaultnoun
loss due to not showing up;
‘he lost the game by default’;
Defaultnoun
act of failing to meet a financial obligation
Defaultnoun
loss resulting from failure of a debt to be paid
Defaultnoun
an option that is selected automatically unless an alternative is specified
Defaultverb
fail to pay up
