Deadbeat(redirected from Bad Pays)
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A person or company who intentionally and repeatedly does not pay his/her bills. For example, a deadbeat may refrain from paying his/her rent. While there is recourse for those dealing with deadbeats (for example, a landlord can evict a person who does not pay rent), this can be expensive and time-consuming. In nearly all cases, a deadbeat has a poor credit history. A deadbeat is also called a bad pay, but should not be confused with a freeloader.
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A borrower who doesn't pay.
The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.