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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