Default vs Insolvent - What's the difference?
default | insolvent |
(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.
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(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) Fault; offence; wrong act.
* Spenser
* Alexander Pope
To fail to meet an obligation.
To lose a competition by failing to compete.
(computing) To assume a value when none was given; to presume a tentative value or standard.
(legal) To fail to appear and answer a summons and complaint.
Unable to pay one's bills as they fall due.
Owing more than one has in assets.
Not sufficient to pay all the debts of the owner.
In lang=en terms the difference between default and insolvent
is that default is the failure of a defendant to appear and answer a summons and complaint while insolvent is one who is insolvent; an insolvent debtor.As nouns the difference between default and insolvent
is that default is the condition of failing to meet an obligation while insolvent is one who is insolvent; an insolvent debtor.As a verb default
is to fail to meet an obligation.As an adjective insolvent is
unable to pay one's bills as they fall due.default
English
(wikipedia default)Noun
(en noun)- He failed to make payments on time and is now in default .
- You may cure this default by paying the full amount within a week.
- The team's three losses include one default .
- ''The man became the leader of the group as a default .
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- If you don't specify a number of items, the default is 1.
- This evil has happened through the governor's default .
- And pardon craved for his so rash default .
- regardless of our merit or default
Verb
(en verb)- If you do not make your payments, you will default on your loan.
- If you refuse to wear a proper uniform, you will not be allowed to compete and will default this match.
- If you don't specify a number of items, it defaults to 1.
Anagrams
* ----insolvent
English
Adjective
(en adjective)- an insolvent debtor
- an insolvent estate