WELSHING

WELSHING

welshing.

1. The act or an instance of evading an obligation, esp. a gambling debt.

2. The common-law act of larceny in which one receives a deposit to be paid back with additional money depending on the outcome of an event (such as a horse race) but at the time of the deposit the depositee intends to cheat and defraud the depositor by absconding with the money. ? Although this term is sometimes thought to be a slur against those hailing from Wales, etymologists have not been able to establish this connection. Authoritative dictionaries record the origin of the term as being unknown. ¡ª Also termed welching. ¡ª welsh, vb. ¡ª welsher, n.


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.