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Multiple Meanings
default — as in:  the default options

I always override the default options..
an automatic result that happens (or already happened) unless it is changed by intentional action
default — as in:  defaulted on their loan

If I don’t sell my home, I’ll have to default on my loan.
failing to meet a financial obligation—such as making a monthly payment on a debt
default — as in:  lost by default

Our bus broke down, so we didn’t get there on time and lost the game by default.
a result in a competition due to a competitor not showing up or not meeting minimum requirements

More rarely, to default is not to show up in court.

All the meanings of default have to do with what will happen if an action is not taken.
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