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Definition

of

Default (in a financial context)

from

Oxford English Dictionary (definition 2b)

Oxford English Dictionary
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Failure to meet financial commitments; non-payment of money owed; the state of being unable to fulfil financial obligations

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Digital/TEC definition

of

Default

from

Digital Social Care (digitalsocialcare.org.uk)

Digital Social Care
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A setting which you have not changed. Accepting the defaults means leaving any settings as they are.

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Synonym of
Not to be confused with
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Default

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