nonpayment
(noun)
noun
1. act of failing to meet a financial obligation
Similar word(s): default
Definition categories: possession, failure
2. loss resulting from failure of a debt to be paid
Similar word(s): default
Definition categories: possession
3. the deliberate act of failing to pay money
- he was indicted for nonpayment
Similar word(s): evasion
Definition categories: act, commerce, commercialism, mercantilism