nonpayment meaning and definition

NONPAYMENT noun

Definition of nonpayment (noun)

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