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DEFAULT

Definition:

[noun] loss due to not showing up; "he lost the game by default"
[noun] act of failing to meet a financial obligation
Synonyms: nonpayment, nonremittal
[noun] loss resulting from failure of a debt to be paid
Synonyms: nonpayment, nonremittal
[noun] an option that is selected automatically unless an alternative is specified
Synonyms: option
[verb] fail to pay up
Synonyms: on