say it: di-FAWLT
default is a noun and verb meaning "loss due to not showing up". It carries 5 recorded senses.
act of failing to meet a financial obligation
loss resulting from failure of a debt to be paid
an option that is selected automatically unless an alternative is specified
fail to pay up
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for default come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.