All 3 Uses
default
in
Fast Food Nation
(Edited)
- 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:
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(1)
(default as in: the default options) an automatic result that happens (or already happened) unless it is changed by intentional action
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(2)
(default as in: defaulted on their loan) to fail to pay money that was owed
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(3)
(default as in: lost by default) a result in a competition due to a competitor not showing up or not meeting minimum requirements
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(4)
(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.