nonremittal

Noun
  1. Act of failing to meet a financial obligation (synset 113321434)
    is a type of: failure - an act that fails
    same as: default, nonpayment
  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, nonpayment

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