Default

1. Contract.

Failure to honour the terms of an agreement.

For example a loan agreement, or an obligation under a futures contract.

2. Systems design - behavioural economics - decision making.

A choice or determination that is made, when no other positive decision or initiative has been taken.

Taxation in Qatar

"There are two separate tax regimes in operation in Qatar and an entity is under the remit of only one regime.

By default an entity is under the State of Qatar regime.

Alternatively, an entity is under the remit of the Qatar Financial Centre (QFC) regime if the entity is licensed with the QFC."

Qatar - the Treasurer's Wiki

Another example is the cogntive status quo bias to favour pre-existing conditions or choices, whatever they are.

See also

• Acceleration
• Credit event
• Cross default
• Default bias
• Default fund
• Deletion
• Entity
• Event of default
• Exposure At Default
• Financial covenant
• Forbearance
• Futures
• Grace period
• Loss Given Default
• Loan agreement
• Materiality
• Non-performing loan
• Qatar
• Regime
• Risk
• Speculation
• Variation margin