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The phrase "a defaulting" is not correct and usable in written English as it lacks context and clarity.
It may be intended to refer to a person or entity that is failing to fulfill an obligation, but it is not a standard expression.
Example: "The bank took action against a defaulting borrower who failed to make payments on time."
Alternatives: "a defaulter" or "a delinquent".
Exact(28)
Just being legally entitled to demand a defaulting buyer's deposit if you're a seller -- or a defaulting seller's specific performance if you're a buyer -- does not provide any guarantee that either will be easy to get.
Second, a defaulting government will find it hard to regain access to international capital markets.
First, they can hassle a defaulting government by taking it to (a foreign) court.
In many American states, in contrast to Britain and Spain, a lender has no recourse to a defaulting homeowner's income or other assets.
One of the kids is a preening drug dealer who gets his henchman to abduct the 15-year-old brother of a defaulting client as a hostage.
Few people worry that Uncle Sam will go the way of a defaulting subprime borrower because the government, unlike other debtors, can always print the money it needs.
Similar(30)
Maybe defaulting a little more.
It's a default.
"It was like a default.
There is a default position.
He was a default position.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com