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default

Look up Default in
Wiktionary, the free dictionary.

Typically, default is the result when no action is taken. The term has specific meanings in various fields, including:

  • Default (law)
  • Default (finance)
  • Default (computer science) — also contains consumer electronics usage
  • Default logic
  • Default (band)
  • To default in tennis is to fail to participate in or complete a match; for example, due to an injury. If a player defaults, the opponent is considered to have won the match.
  • defaults (software) is the utility that manipulates Mac OS X plist (preference) files.
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Apartment project gets default notice 

Kansas City Star - Oct 06 12:22 AM
The developer of Library Lofts, a major downtown residential project completed in 2003, has received a default notice on a $1.5 million loan provided by a nonprofit housing agency.

Credit Default Swaps: Underestimated Risk 
SeekingAlpha via Yahoo! Finance - Oct 05 7:59 AM
FinancialRx submits: "Large amounts of risk, particularly credit risk, have become concentrated in the hands of relatively few derivatives dealers, who in addition trade extensively with one another." - Warren Buffet Mike Panzner has an eye-popping chart comparing the notional value of Credit Default Swaps outstanding to various other recent bubbles.

Harrah's Credit-Default Swaps Rose Before Buyout Bid (Update4) 
Bloomberg.com - Oct 03 9:37 AM
Oct. 3 (Bloomberg) -- Traders in the credit-default swaps market were betting on a takeover of Harrah's Entertainment Inc. before the world's largest casino company announced a buyout bid and ahead of investors in stocks and bonds.

Fitch Formally Launches Default VECTOR Model Version 3.0 
[Press Release] Business Wire via Yahoo! Finance - Oct 04 7:02 AM
NEW YORK & LONDON----Fitch Ratings has formally released an updated version of its Default VECTOR Model. The VECTOR 3.0 model's launch is the culmination of extensive testing, an initial beta release in August, and a market comment period.

New Fitch U.S. RMBS Criteria & Default Model: The Catalysts of U.S. Mortgage Defaults 
[Press Release] Business Wire via Yahoo! Finance - Oct 04 7:36 AM
NEW YORK----In a U.S. housing market that continues to show increased weakness, Fitch Ratings has identified three major predicators of mortgage loan defaults (FICO scores, credit sector and combined loan-to-value ratios ), all of which will be emphasized in both new criteria and a loan default model.

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