nonpayment has definitions from the field of business
1
[ noun ] act of failing to meet a financial obligation

Synonyms

nonremittal default

Related terms

failure default

2
[ noun ] (business) the deliberate act of failing to pay money

Synonyms

evasion

Examples

"his evasion of all his creditors" "he was indicted for nonpayment"

Related terms

payment commerce tax_evasion

3
[ noun ] loss resulting from failure of a debt to be paid

Synonyms

nonremittal default

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