defaulter in a sentence

Definition

Defaulter: a person or entity that fails to fulfill a financial obligation, such as repaying a loan.

The bank took legal action against the defaulter to recover the outstanding loan amount.
In a surprising turn of events, the defaulter managed to negotiate a settlement with the creditors.
The company faced severe consequences after being labeled a defaulter for failing to meet its financial obligations.
Authorities are investigating a network of defaulters who have exploited loopholes in the system.
Community programs aim to rehabilitate defaulters by providing financial education and support.