Dictionaries of the Scots Language
Dictionars o the Scots Leid

A Dictionary of the Older Scottish Tongue (up to 1700)

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First published 1963 (DOST Vol. III).
This entry has not been updated since then but may contain minor corrections and revisions.

Louser, n. [Cf. Lows v.³, Loussing ppl. a. and e.m.E. looser and loser (Looser n., Lossar n.¹).] A loser, one who suffers financial loss. = Lossar n.¹ b. —1695 Conv. Burghs IV. 203.
If it shall fall out that the said Mr. John shall be a louser, he referrs himself … to the royall borrowes favour