default-n; 4 Senses

Sense Number 1: Loss due to not showing up.

Commentary: DEFAULT[+absence]

Examples:
He lost the game by default.
We forfeited all our matches by default.

Mappings:
PropBank: default.02
WordNet 3.0 Sense Numbers: 1

Sense Number 2: The act of failing to meet a financial obligation.

Commentary: DEFAULT[+finance][+event]

Examples:
I am in default on the loan.
She will be in default on her payments if she doesn't find a job.

Mappings:
PropBank: default.01
WordNet 3.0 Sense Numbers: 2

Sense Number 3: Loss resulting from failure of a debt to be paid.

Commentary: DEFAULT[+finance]

Examples:
The default on the loan is hefty.

Mappings:
PropBank: default.01
WordNet 3.0 Sense Numbers: 3

Sense Number 4: An option that is selected unless an alternative is specified.

Commentary: DEFAULT[+choice]

Examples:
The default would be to deny the loan.
By default we do not allow weekend rentals.

Mappings:
PropBank: default.02
WordNet 3.0 Sense Numbers: 4