welch on a/the deal(redirected from they have welched on the deal)
welch on a/the deal
1. To fail to do what one has promised, agreed upon, or committed to. We negotiated in good faith, never dreaming that the other side would welch on the deal. You're never going to make it in this industry if you just welch on a deal like this.
2. To fail to provide someone what they are owed or what has been promised, committed to, or agreed upon. If you think you can welch on a deal and get away with it, you've got another think coming. The CEO welched on the deal and fled the country with nearly $3.5 million of his investors' money.
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