What does default(object); do in C#?

Question

Googling is only coming up with the keyword, but I stumbled across some code that says

MyVariable = default(MyObject);

and I am wondering

Answer 1

The default keyword returns the "default" or "empty" value for a variable of the requested type.

For all reference types (defined with class, delegate, etc), this is null. For value types (defined with struct, enum, etc) it's an all-zeroes value (for example, int 0, DateTime 0001-01-01 00:00:00, etc).

It's mostly used with generic code that can be applied to both reference and value types, because you can't assign null to a value type variable.