Pronunciation: [dɪfˈɒltə] (IPA) 
The word defaulter is spelled dĕ-fôl-tĕr in IPA phonetic transcription. The first syllable is pronounced with a short e sound, while the second syllable has a long o sound. The final syllable is pronounced with a short e sound and an r sound at the end. The word refers to someone who fails to fulfill their financial obligations, such as paying a debt or loan. Proper spelling is important when using this word in written communication.
Defaulter is a noun that refers to an individual or entity who fails to fulfill their financial responsibilities, contractual obligations, or legal requirements. It typically relates to someone who neglects or violates the terms of an agreement or contract, resulting in a breach of trust or non-compliance.
In the realm of finance and credit, a defaulter is someone who fails to make timely payments on loans, mortgages, or credit card bills. They may miss repayments entirely or consistently delay them, resulting in a negative impact on their creditworthiness and credit score. Defaulters often face penalties, such as late payment fees, increased interest rates, or even legal actions to retrieve the outstanding debt.
In a legal context, a defaulter is an individual who neglects to appear in court or respond to a lawsuit, giving rise to a default judgment in favor of the opposite party. This typically occurs when the defendant fails to provide a defense or refute the plaintiff's claims within the specified timeframe. The term may also apply to individuals who fail to perform jury duty or other legal obligations.
Furthermore, a defaulter can refer to someone who fails to adhere to institutional or regulatory guidelines. For instance, a defaulter within an organization may violate compliance rules, ethical standards or disregard safety protocols, leading to disciplinary actions or consequences.
Overall, a defaulter is an individual or entity that fails to fulfill their obligations, resulting in financial, legal, or other negative consequences.
One who fails to account for money intrusted to his care, particularly public money; a peculator.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The term "defaulter" originated from the combinative form of the verb "default" with the suffix "-er". The word "default" originally emerged in the late 13th century from the Old French word "defaute", which meant "fault" or "failure".
In the English language, "default" initially denoted the failure to fulfill an obligation or to appear when required. It specifically referred to a debtor's failure to pay a debt. Over time, the term "defaulter" evolved as a noun form of "default" to describe a person who fails to meet their financial obligations or debts. Today, "defaulter" is commonly used to describe someone who neglects or fails to fulfill any obligation or duty in various contexts beyond just financial matters.
