All 3 Uses of
default
in
Fast Food Nation
- Ten percent of these franchise loans ended in default.
p. 102.2default = an inability to make loan payments
- During the same period, only 4 percent of the independent businesses receiving SBA loans defaulted.
p. 102.2defaulted = were unable to make loan payments
- In New York City, the SBA backed thirteen loans to Burger King franchisees; eleven of them defaulted.
p. 102.3 *
Definitions:
-
(1)
(default as in: the default options) an automatic result that happens (or already happened) unless it is changed by intentional action
-
(2)
(default as in: defaulted on their loan) to fail to pay money that was owed
-
(3)
(default as in: lost by default) a result in a competition due to a competitor not showing up or not meeting minimum requirements
-
(4)
(meaning too rare to warrant focus) meaning too rare to warrant focus:
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.