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Definitions from the Web

Term: Defaulters

Description:

Defaulters refers to individuals or entities who fail to fulfill their financial obligations or fail to comply with the terms of a contract, such as loan repayments or payment of debts. It commonly relates to the non-payment of debts to creditors or financial institutions.

Sample Sentences:

Noun - Plural:

1. Many defaulters were blacklisted by the bank for failing to repay their loans.

2. The company's financial crisis was caused by a high number of defaulters.

Related Verb - Defaulter:

1. John became a defaulter when he failed to pay his credit card bills on time.

2. The borrower will be labeled as a defaulter if they don't fulfill their loan repayment obligations.

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