 nonpayment |
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| 1. | [ noun ] act of failing to meet a financial obligation | |
| Synonyms: | nonremittal default | |
| Related terms: | failure default | |
| 2. | [ noun ] (business) the deliberate act of failing to pay money | |
| Synonyms: | evasion | |
| Examples: | "his evasion of all his creditors" "he was indicted for nonpayment" |
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| Related terms: | payment commerce tax_evasion | |
| 3. | [ noun ] loss resulting from failure of a debt to be paid | |
| Synonyms: | nonremittal default | |
| Related terms: | payment financial_loss delinquency default | |
