Failure And Default - Definition - Law Dictionary Home Dictionary Definition failure-and-default

Definition :

Failure and default, Failure and default are synonymous terms. 'Failure' in the dictionary sense, means 'a falling short', 'a deficiency' or 'lack'. Default means omission of that which a man ought to do, Dhan Singh Ramkrishna Chaudhuri v. Laxminarayan Ramkishan, AIR 1974 SC 1613 (1616): (1974) 2 SCC 293: (1975) 1 SCR 94.