Meaning of “defaulter” in the English Dictionary

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"defaulter" in Business English

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defaulternoun [ C ]

uk /dɪˈfɒltər/ us

someone who does not pay interest or other money that they owe, or who fails to do something that they should do by law:

The names of credit card defaulters are referred to credit rating agencies.

(Definition of “defaulter” from the Cambridge Business English Dictionary © Cambridge University Press)