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The Collaborative International Dictionary
Defaulting

Default \De*fault"\, v. i. [imp. & p. p. Defaulted; p. pr. & vb. n. Defaulting.]

  1. To fail in duty; to offend.

    That he gainst courtesy so foully did default.
    --Spenser.

  2. To fail in fulfilling a contract, agreement, or duty.

  3. To fail to appear in court; to let a case go by default.

Wiktionary
defaulting

vb. (present participle of default English)

Usage examples of "defaulting".

His eagerness over this uninteresting matter of a defaulting cook was extraordinary, but I realized that he considered it a point of honour to persevere until he finally succeeded.

The Cardassians have commerce worth several million bars of latinum with the Ferengi, and they would not jeopardize it by defaulting on a debt of one hundred and fifty thousand.

The Ferengi are their primary trading partners, and the Cardassians cannot afford to devalue their credit by defaulting on a debt.

Unless good money came in from somewhere else - not likely, if China was defaulting on international loans - inflation would get out of hand until Chinese money wasn’t worth the match to burn it.

He was obliged to lean on Van Diemen's assertion, that he had not robbed and had not murdered, to be comforted by the belief that he was not once a notorious bushranger, or a defaulting manager of mines, or any other thing that is naughtily Australian and kangarooly.