Coffee is the second largest traded commodity in the world, next to crude oil. It’s also one of the oldest commodities, with over 2.25 billion cups of coffee consumed worldwide daily.
default
(noun) loss due to not showing up; “he lost the game by default”
nonpayment, default, nonremittal
(noun) loss resulting from failure of a debt to be paid
default, nonpayment, nonremittal
(noun) act of failing to meet a financial obligation
default, default on
(verb) fail to pay up
Source: WordNet® 3.1
default (countable and uncountable, plural defaults)
(finance) The condition of failing to meet an obligation.
(electronics, computing) the original software programming settings as set by the factory
A loss incurred by failing to compete.
A selection made in the absence of an alternative.
(often, attributive) A value used when none has been given; a tentative value or standard that is presumed.
(legal) The failure of a defendant to appear and answer a summons and complaint.
(obsolete) A failing or failure; omission of that which ought to be done; neglect to do what duty or law requires.
(obsolete) Lack; absence.
(obsolete) Fault; offence; wrong act.
default (third-person singular simple present defaults, present participle defaulting, simple past and past participle defaulted)
(intransitive) To fail to meet an obligation.
(intransitive) To lose a competition by failing to compete.
(intransitive, computing) To assume a value when none was given; to presume a tentative value or standard.
(intransitive, legal) To fail to appear and answer a summons and complaint.
• faulted
Source: Wiktionary
De*fault", n. Etym: [OE. defaute, OF. defaute, defalte, fem., F. défaut, masc., LL. defalta, fr. a verb meaning, to be deficient, to want, fail, fr. L. de- + fallere to deceive. See Fault.]
1. A failing or failure; omission of that which ought to be done; neglect to do whaas, this evil has happened through the governor's default.
2. Fault; offense; ill deed; wrong act; failure in virtue or wisdom. And pardon craved for his so rash default. Spenser. Regardless of our merit or default. Pope.
3. (Law)
Definition: A neglect of, or failure to take, some step necessary to secure the benefit of law, as a failure to appear in court at a day assigned, especially of the defendant in a suit when called to make answer; also of jurors, witnesses, etc. In default of, in case of failure or lack of. Cooks could make artificial birds and fishes in default of the real ones. Arbuthnot.
– To suffer a default (Law), to permit an action to be called without appearing to answer.
De*fault", v. i. [imp. & p. p. Defaulted; p. pr. & vb. n. Defaulting.]
1. To fail in duty; to offend. That he gainst courtesy so foully did default. Spenser.
2. To fail in fulfilling a contract, agreement, or duty.
3. To fail to appear in court; to let a case go by default.
De*fault", v. t.
1. To fail to perform or pay; to be guilty of neglect of; to omit; as, to default a dividend. What they have defaulted towards him as no king. Milton.
2. (Law)
Definition: To call a defendant or other party whose duty it is to be present in court, and make entry of his default, if he fails to appear; to enter a default against.
3. To leave out of account; to omit. [Obs.] Defaulting unnecessary and partial discourses. Hales.
Source: Webster’s Unabridged Dictionary 1913 Edition
17 November 2024
(noun) asceticism as a form of religious life; usually conducted in a community under a common rule and characterized by celibacy and poverty and obedience
Coffee is the second largest traded commodity in the world, next to crude oil. It’s also one of the oldest commodities, with over 2.25 billion cups of coffee consumed worldwide daily.