Defaults
/dɪˈfɔːlts/
Definitions
- (n.) Failure to fulfill a legal obligation, especially failing to repay a loan or appear in court.
The lender declared a default after the borrower missed three consecutive payments.
- (n.) A judgment or decision rendered against a party who fails to contest or respond, especially in civil procedure.
The court entered a default judgment against the defendant for not responding to the complaint.
Forms
- default
Related terms
See also
Commentary
In legal contexts, 'default' can refer both to failure of payment/performance and procedural failure to respond, which leads to default judgments. Drafting should clarify the context to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.