1. people who fail to fulfill an obligation, especially to repay a debt or loan
Usage: plural of defaulter
2. people who fail to appear in court when required
Usage: legal context

Examples

• The bank sent notices to all loan defaulters.
• Credit agencies track defaulters to assess financial risk.
• The court issued warrants for the defaulters who missed their hearings.
• Many mortgage defaulters lost their homes during the recession.
• The company’s policy requires reporting chronic defaulters to collection agencies.
• Student loan defaulters may face wage garnishment.
• The judge scheduled a hearing for all defaulters in the case.