Definition of Defaulter

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TeachMeFinance.com - explain Defaulter




historic definition...

Defaulter -- One who misappropriates or fails to account for money or property with which he is entrusted. On the London Stock Exchange one who has failed to meet his bargains (contracts) is a defaulter and ceases to be a member. For additional information see Hammered.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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