A more thorough explanation:

Definition: Saver default is a legal term that means to excuse a default. It comes from Law French, an old language used in legal documents.

For example, if someone fails to show up in court on their scheduled date, they may be considered to have made a default. However, if they can provide a good reason for their absence, such as being in jail at the time, they may be able to use saver default to excuse their default.

Another example could be if someone fails to pay a debt on time. If they can provide a valid reason for their late payment, such as a medical emergency, they may be able to use saver default to avoid any penalties or consequences.

In summary, saver default is a way to excuse a default by providing a valid reason for the failure to act or comply with a legal obligation.