Definitions from the Web
Defauter
Definition:
A defauter refers to an individual or entity that fails to fulfill a legal or contractual obligation, especially in terms of making timely payments.
Examples:
As a noun:
- The defauter failed to repay their student loans, leading to significant financial consequences.
- The company acted swiftly against the defauter by seizing their assets.
As a verb:
- If you defaut on your mortgage payments, your home may be subject to foreclosure.
- He defauted on his promise to help fulfill the project's requirements, causing delays.
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