nonpayment

Noun
  1. Act of failing to meet a financial obligation (synset 113321434)
    is a type of: failure - an act that fails
    same as: default, nonremittal
  2. Loss resulting from failure of a debt to be paid (synset 113321164)
    is a type of: financial loss - loss of money or decrease in financial value
    subtypes: delinquency - nonpayment of a debt when due
    same as: default, nonremittal
  3. The deliberate act of failing to pay money (synset 101123176)
    "his evasion of all his creditors"; "he was indicted for nonpayment"
    is a type of: commerce, commercialism, mercantilism - transactions (sales and purchases) having the objective of supplying commodities (goods and services)
    subtypes: tax evasion - the deliberate failure to pay taxes (usually by making a false report)
    same as: evasion

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