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DEFAULTER definition: someone who does not pay interest or other money that they owe, or who fails to do something that…. Learn more.
DEFAULTER meaning: someone who does not pay interest or other money that they owe, or who fails to do something that…. Learn more.
A defaulter is someone who does not do something that they are legally supposed to do, such as make a payment at a particular time, or appear in a court of law.
Defaulter definition: a person who defaults or fails to fulfill an obligation, especially a legal or financial one.. See examples of DEFAULTER used in a sentence.
Legal Definition. : failure to do something required by duty (as under a contract or by law): as. : failure to comply with the terms of a loan agreement or security agreement especially with regard to payment of the debt. Note: A party whose performance under a contract is delayed is not automatically in default.
Jun 29, 2024 · Default is the failure to make required interest or principal repayments on a debt, whether that debt is a loan or a security. Individuals, businesses, and even countries can default on their...
Failure to perform a task or fulfill an obligation, especially failure to meet a financial obligation: in default on a loan. 2. Law Failure of a party in a case to make a required court appearance. 3. The failure of one or more competitors or teams to participate in a contest: won the championship by default. 4.
Defaulter definition, a person who defaults or fails to fulfill an obligation, especially a legal or financial one. See more.
Definition of defaulter noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
de•fault•er (di fôl′ tər), n. a person who defaults or fails to fulfill an obligation, esp. a legal or financial one. British Terms, Military a soldier convicted by court-martial. default + - er1 1660–70.
