Welsher

A welsher is an individual who fails to pay a debt, especially one incurred through gambling or a bet. They typically renege on an agreement to settle a financial obligation, often disappearing or making themselves unavailable to avoid payment. This dishonest behavior undermines trust and integrity within any financial context. The term implies a deliberate intention to evade responsibility and a disregard for ethical principles. It's important to differentiate this from legitimate financial hardship; a welsher actively tries to avoid paying what they owe.

Welsher meaning with examples

• After losing heavily at the racetrack, the man quickly disappeared, never to be seen by his creditors again; people labeled him a welsher. His friends and family soon distanced themselves from him due to his dishonesty. The entire situation was incredibly embarrassing and a disgrace.
• The bookie's threats proved unnecessary. The gambler, having lost, refused to return to pay. The casino staff were informed, they tried to locate him. The welsher seemed to have vanished into thin air. This damaged his reputation.
• Despite having ample funds, the contractor refused to pay his suppliers after the project's completion, becoming a welsher. His unethical actions led to legal battles. His reputation in the industry plummeted. The welsher was forced into bankruptcy.
• The investment broker, facing significant losses, transferred all his assets to an offshore account and ceased all contact with his investors. His investors labeled the broker a welsher. This event caused outrage and many lawsuits.