defaulter

[US]/dɪ'fɔltɚ/
Frequency: Very High

Translation

n. someone who fails to fulfill an obligation or duty, violates military regulations, or is absent.

Example Sentences

the defaulter was adjudged to pay the whole amount.

The defaulter failed to make payments on time.

The company will take legal action against the defaulter.

He was labeled as a defaulter for not meeting his financial obligations.

The bank will blacklist the defaulter.

The defaulter's credit score dropped significantly.

The defaulter was given a final warning to settle the outstanding debt.

The defaulter's assets may be seized to cover the unpaid debt.

The defaulter's reputation in the industry was tarnished.

The defaulter was required to attend a financial counseling session.

The defaulter's failure to repay the loan led to legal consequences.

Real-world Examples

The presumption is that dominants punish subordinate defaulters.

Source: The Economist (Summary)

During this time, he gained a reputation as a debt defaulter and a womanizer.

Source: Biography of Famous Historical Figures

Wilful defaulters have strained Bangladesh's banks in the past three years, even as the economy has seen speedy growth.

Source: The Economist (Summary)

Think of tricky customers like Argentina, whose profligacy made it a serial defaulter on its sovereign debt, or Turkey, where interest rates remain low even as inflation blazes above 80%.

Source: Economist Finance and economics

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