in default of something

in default of something
formal
if something does not exist or happen

They are entitled to reclaim the goods in default of payment.


English dictionary. 2014.

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  • in default of something — formal phrase if something does not exist or happen They are entitled to reclaim the goods in default of payment. Thesaurus: absence and lacksynonym Main entry: default * * * in deˈfault of sth …   Useful english dictionary

  • default — to fail to meet an obligation when due, such as paying a debt. Glossary of Business Terms Failure to meet a margin call or to make or take delivery. The failure to perform on a futures contract as required by exchange rules. The CENTER ONLINE… …   Financial and business terms

  • Default — Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture. The New York Times Financial Glossary * * * ▪ I. default de‧fault 1 [dɪˈfɒlt ǁ ˈfɒːlt] noun 1. by default… …   Financial and business terms

  • default — [[t]dɪfɔ͟ːlt[/t]] defaults, defaulting, defaulted (Pronounced [[t]di͟ːfɔːlt[/t]] for meaning 2.) 1) VERB If a person, company, or country defaults on something that they have legally agreed to do, such as paying some money or doing a piece of… …   English dictionary

  • default — de|fault1 [ dı fɔlt ] noun ** 1. ) count the way that something will appear or be done if you make no other choice, especially on a computer: Did you change the defaults on your e mail set up? The default drive is C. 2. ) count or uncount FORMAL… …   Usage of the words and phrases in modern English

  • default — I UK [ˈdɪˌfɔːlt] / US [dɪˈfɔlt] noun [countable] Word forms default : singular default plural defaults ** the way that something will appear or be done if you make no other choice, especially on a computer Did you change the defaults on your… …   English dictionary

  • Default logic — is a non monotonic logic proposed by Raymond Reiter to formalize reasoning with default assumptions. Default logic can express facts like “by default, something is true”; by contrast, standard logic can only express that something is true or that …   Wikipedia

  • default — [dē fôlt′, difôlt′] n. [ME < OFr defaute < VL * defallita, pp. of * defallere, to lack < L de , away + fallere, to FAIL] 1. failure to do something or be somewhere when required or expected; specif., a) failure to pay money due b)… …   English World dictionary

  • default — de·fault /di fȯlt, dē ˌfȯlt/ n [Anglo French defalte defaute lack, fault, failure to answer a summons, from defaillir to be lacking, fail, from de , intensive prefix + faillir to fail] 1: failure to do something required by duty (as under a… …   Law dictionary

  • Default — may refer to: Default (law), the failure to do something required by law Default judgment Default (finance), failure to satisfy the terms of a loan obligation or to pay back a loan Default (computer science), a preset setting or value Default… …   Wikipedia

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