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default

In commerce, failure to meet an obligation, usually financial.

default

In computing, a factory setting for user-configurable options. Default settings appear in all areas of computing, from the on-screen colour scheme in a graphical user interface to the directories where software programs store data.



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Accept the default option button, Return Data to Microsoft Office Excel, and click on Save Query, which opens the Import Data dialog box (exhibit 9, below).
Click ... and the database loads into Excel: an easy way to import ... by Welch, Judith K. / Journal of Accountancy
As a result, in order to simplify operations and certify that service levels for mission-critical data are met, the default option for most IT departments has been to deliver a single class of high-performance, high-availability service to all data.
Tiered storage: does all data have to fly first class? by Lebeck, Tad / Computer Technology Review
Recent studies suggest several arguments about whether individuals will actively choose their pension funds when a default option is available.
Design and implementation issues in Swedish individual pension ... by Weaver, R. Kent / Social Security Bulletin
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