### Question
What is the definition of default?


### Answer
The definition of **default** is as follows in *12 U.S.C. § 1467a*:

> an adjudication or other official determination of a court of competent jurisdiction or other public authority pursuant to which a conservator, receiver, or other legal custodian is appointed

#### Citation:
  - *12 U.S.C. § 1467a*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS**

