A default route matches any destination not covered by more specific routes. It's your "gateway of last resort" when no other route applies.
The default route is written as . A prefix length of means no bits need to match. Any destination IP will match this route.
S* 0.0.0.0/0 [1/0] via 203.0.113.1
The asterisk (*) indicates this is the gateway of last resort. Without a default route, your router drops packets destined for unknown networks. Most networks configure a default route pointing toward the internet or a core router that has more complete routing information.