Noun: nonpayment nón'pey-munt
- The deliberate act of failing to pay money
"he was indicted for nonpayment";
- evasion
- Act of failing to meet a financial obligation
"Nonpayment of rent led to eviction";
- default, nonremittal
- Loss resulting from failure of a debt to be paid
"The bank suffered significant losses due to nonpayment of loans";
- default, nonremittal
Derived forms: nonpayments
Type of: commerce, commercialism, failure, financial loss, mercantilism
Antonym: defrayment