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nonpayment

 - 2 dictionary results

non⋅pay⋅ment

[non-pey-muhnt]
–noun
failure or neglect to pay: His property was confiscated for nonpayment of taxes.

Origin:
1400–50; late ME; see non-, payment
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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nonpayment

noun
1. act of failing to meet a financial obligation [syn: default
2. loss resulting from failure of a debt to be paid [ant: payment
3. the deliberate act of failing to pay money; "his evasion of all his creditors"; "he was indicted for nonpayment" [syn: evasion] [ant: defrayal
WordNet® 3.0, © 2006 by Princeton University.
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