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DEFAULTER, com. law. One who is deficient in his accounts, or falls in making his accounts correct.

References in periodicals archive ?
The high ups of WAPDA said that WAPDA has met failure in effecting recovery from defaulters for want of proper legislation in the country.
Significantly, just 3 percent of owners who don't know a defaulter have seriously considered defaulting on their own mortgage.
Often lengthy enquiries had to be conducted to trace fine defaulters and this could take several weeks.
As part of a national operation to clamp down on persistent defaulters, warrant officers from the North Wales Magistrates' Courts,backed by police officers, executed a string of arrest warrants.
According to details, the City District Government is the biggest defaulter with outstanding bill amount worth over Rs150 million.
defaulters who are in debt to banks and investment firms.
States with maximum evaders State- Number of defaulters Gujarat- 17 Telangana- 14 Maharashtra- 11 Others- 7 Total 49 Major evaders from Gujarat Name of defaulter- Tax arrears (in Rs cr) Individuals Indravadan V Darbar- 27.
THE Reserve Bank of India ( RBI) has forwarded a proposal to the Securities and Exchange Board of India ( Sebi) suggesting barring wilful defaulters of bank loans from raising funds through capital markets.
PESHAWAR -- The teams of Peshawar Electric Supply Company (Pesco) disconnected power supply to 2 tube-wells and street-lights at Kohat City in recovery campaign against public and private sector power defaulters.
Pesco had served several notices to all defaulter consumers for payment but no heed was paid.
47 million from Government and private defaulters, the PESCO team disconnected power supply to defaulters.
Indian banking secretary, Gurdial Singh Sandhu, has asked commercial banks in the nation to take action against Kingfisher Airlines by declaring the airline a wilful defaulter.