Default - sustany/dvg GitHub Wiki

A default is a failure to fulfill an obligation. Defaulting is most common in regards to debtor-creditor law and contract law. Typically, a default leads to judicial proceedings or triggers the application of a separate contract provision.�

• For example, a homeowner might go into default by failing to make scheduled�mortgage�payments.
  • This default allows the creditor to begin foreclosure proceedings and repossess the house subject to the mortgage.

In the field of civil procedure, default can also refer to a default judgment.�