nonpayment Meaning, Definition & Usage

1. noun act of failing to meet a financial obligation
   default; nonremittal.
   
2. noun loss resulting from failure of a debt to be paid
   default; nonremittal.
   
3. noun the deliberate act of failing to pay money
   evasion.
   
   • his evasion of all his creditors
   • he was indicted for nonpayment

WordNet