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Tenancy defines how EC2 instances are distributed across physical hardware and affects pricing. There are three tenancy options available: Shared ( default ) ? Multiple AWS accounts may share the same physical hardware. Dedicated Instance ( dedicated ) ? Your instance runs on single-tenant hardware.
A ?default? is a failure to comply with a provision in the lease. ?Curing? or ?remedying? the default means correcting the failure or omission. A common example is a failure to pay the rent on time.
It means that you accept you owe your landlord money, but you claim the right to set-off against that debt any money due from your landlord because of their failure to do repairs. This could reduce or clear your rent arrears. Check what your landlord has to repair.
Default tenancy is shared. You and other customers all have VM's on the same hypervisor, and the separation is programmatic. Dedicated tenancy means you're the only customer running anything on that host.