Final answer:
In deeds of trust, 'default' describes the borrower's failure to meet the loan agreement's terms, often by missing payments, which can lead to foreclosure proceedings by the lender.
Step-by-step explanation:
In most deeds of trust, the term default refers to a situation where the borrower, also known as the trustor, fails to comply with the terms and conditions of the loan agreement.
This typically means that the borrower has not made the agreed loan payments on time but can also refer to other violations such as not paying property taxes or failing to keep the property insured. When a default occurs, the lender, or beneficiary, can initiate foreclosure proceedings to take possession of the property used as collateral for the loan.