Dropping of party defendant means that one of the defendants in a case with multiple defendants was dismissed from the case (meaning no judgment can be taken against that party, he/she/it is out of the case and no longer liable).
Motion for default means that someone did not answer the case within the time specified after being served with the suit and the party that filed the suit went to court and sought a judgment by default (meaning the party who sought the default got whatever they asked for in the lawsuit) and default issued means that the court issued a judgment for whatever the other party asked for against the party that did not answer.
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