default value - meaning and definition. What is default value
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What (who) is default value - definition

PREEXISTING VALUE OF A USER-CONFIGURABLE SETTING OF A SOFTWARE APPLICATION, COMPUTER PROGRAM OR DEVICE
Default configuration; Default apps; Default application; Default programs

Default (computer science)         
A default, in computer science, refers to the preexisting value of a user-configurable setting that is assigned to a software application, computer program or device. Such settings are also called presets or factory presets, especially for electronic devices.
Default (finance)         
FAILURE TO MEET THE LEGAL OBLIGATIONS OF A LOAN (E.G. BY SUSPENDING PAYMENTS)
Default notice; Default Notice UK; Loan default; Loan payment failures; Default Notice; Debt default; Financial default; Technical default; Payment default
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt.
judgment by default         
LEGAL JUDGEMENT IN FAVOR OF EITHER PARTY BASED ON SOME FAILURE TO TAKE ACTION BY THE OTHER PARTY, MOST OFTEN AGAINST A PARTY WHO FAILED TO RESPOND
Judgment by default; Default judgement; Default Judgment; Judgment in default; Judgement in default
n. See also: default judgment

Wikipedia

Default (computer science)

A default, in computer science, refers to the preexisting value of a user-configurable setting that is assigned to a software application, computer program or device. Such settings are also called presets or factory presets, especially for electronic devices.

Default values are standards values that are universal to all instances of the device or model and intended to make the device as accessible as possible "out of the box" without necessitating a lengthy configuration process prior to use. The user only has to modify the default settings according to their personal preferences. In many devices, the user has the option to restore these default settings for one or all options. Such an assignment makes the choice of that setting or value more likely, this is called the default effect.