👉 The condition of failing to meet an obligation.
Alright class, settle down, letās take a look today, At a word that pops up in many a way! Weāre talking about "default," itās quite the plea, Let's break it down for you and me. The dictionary says itās āfailing to meet an obligation,ā true, But letās think of it a little bit more new. Imagine this: You promised a friend a treat, A tasty cookie, oh so sweet! But then you forget, or lose your mind, That's a "default" ā leaving something behind! It can be with money, debts, and loans, When payments arenāt made, the problem shows. If a company doesnāt pay its bills, thatās a default too, A serious issue, for me and you! Think of it like this: a setting's "default" state, Like black and white on a digital plate. Unless you choose to change it with care, It stays the same, beyond compare. So ādefaultā means not fulfilling whatās due, A missed commitment, sadly untrue. Do you understand? Any questions arise? Let's discuss this concept before our eyes!