default
A default happens when a borrower fails to make a required interest payment or does not return the principal by the agreed date. It is the main bad outcome a bondholder worries about.
Where it is explained in full
The health savings account: three tax breaks and one gate. The account people describe with the most excitement and understand the least. It does something no other account does, and there is a gate in front of it that many people cannot walk through.
Workplace plans: the 401(k), the 403(b), and the TSP, from the first paycheck to the last. Everything a person needs to open one, fill it, hold the right things in it, avoid the traps, and carry it with them when they leave. Long on purpose, so that one page is enough.
A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.
Ask about default
A model reads this page and answers from it. It will say when the answer is not on the page. Education, not personalized advice.