nonpayment

Other forms: nonpayments

Definitions of nonpayment

1. noun

   act of failing to meet a financial obligation
   synonyms: default, nonremittal

   type of:

   failure

   an act that fails
2. noun

   the deliberate act of failing to pay money
   “he was indicted for nonpayment”

   synonyms: evasion

   antonyms:

   payment

   the act of paying money

   types:

   tax evasion

   the deliberate failure to pay taxes (usually by making a false report)

   type of:

   commerce, commercialism, mercantilism

   transactions (sales and purchases) having the objective of supplying commodities (goods and services)
3. noun

   loss resulting from failure of a debt to be paid
   synonyms: default, nonremittal

   antonyms:

   payment

   a sum of money paid or a claim discharged

   types:

   delinquency

   nonpayment of a debt when due

   type of:

   financial loss

   loss of money or decrease in financial value