Remove user-defined default(s) from the current database.
Syntax
      DROP DEFAULT { [schema_name.] default_name } [ ,...n ] [ ; ]
Key:
    schema_name    The schema to which the default belongs
    default_name   Name of an existing default
Defaults must comply with the rules for identifiers.
Example
DROP DEFAULT price_dflt;
"Small is beautiful" ~ E. F.Schumacher
Related:
  
  CREATE DEFAULT
sp_help - List the defaults that exist 
  sp_unbindefault - Unbind the default from a column or an alias data type.
Equivalent Oracle command:  ALTER TABLE ... DEFAULT