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Noun: nonpayment  nón'pey-munt
  1. Act of failing to meet a financial obligation
    - default, nonremittal
  2. Loss resulting from failure of a debt to be paid
    - default, nonremittal
  3. The deliberate act of failing to pay money
    "he was indicted for nonpayment";
    - evasion

Derived forms: nonpayments

Type of: commerce, commercialism, failure, financial loss, mercantilism

Antonym: defrayment