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Meaning & Definition of Nonpayment in English

English

Nonpayment

/nɑnpemənt/

noun

1. Act of failing to meet a financial obligation

synonym:
  • default,
  • nonpayment,
  • nonremittal

2. Loss resulting from failure of a debt to be paid

synonym:
  • nonpayment,
  • default,
  • nonremittal

3. The deliberate act of failing to pay money

  • "His evasion of all his creditors"
  • "He was indicted for nonpayment"
synonym:
  • evasion,
  • nonpayment