nonpayment (n.)

  1. act of failing to meet a financial obligation

    [ Syn: default , nonremittal ]

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

    [ Syn: default , nonremittal ]

  3. the deliberate act of failing to pay money; his evasion of all his creditors; he was indicted for nonpayment

    [ Syn: evasion ]

The dictionary is based on the WordNet Electronic Lexical Database.
WordNet 3.0 Copyright 2011 by Princeton University. All rights reserved.