A strategic defaulter no longer makes mortgage payments for a number of reasons.
From the theepochtimes.com
To coax a defaulter into paying up, the lender might threaten legal action.
From the en.wikipedia.org
Nor is there a means to force a defaulter out, since membership is meant to be for keeps.
From the economist.com
George Bush is behaving like a furious defaulter whose home is about to be repossessed.
From the en.wikipedia.org
However, Greece is a different position than other past defaulter.
From the guardian.co.uk
Just as Loxton is about to arrest a fine defaulter, Quinnan is nearly run over by a speeding BMW.
From the en.wikipedia.org
Unless you a serial defaulter, it's always worth asking your issuer to reverse a penalty charge.
From the thisismoney.co.uk
The drawback for a strategic defaulter is damaged credit.
From the stltoday.com
What does a likely strategic defaulter look like?
From the theatlantic.com
More examples
Someone who fails to make a required appearance in court
Someone who fails to meet a financial obligation
A contestant who forfeits a match
(Defaulters) A summary court-martial, presided over by the executive officer or commanding officer.
This is a person or company that fails to do something in line with an agreement or a law. For example, person A defaulted on the loan repayment.
A taxpayer whose taxes have not been paid on the date they are due. Same as a delinquent taxpayer. Also a taxpayer who has failed to return their property.