Definition of nonpayment Nonpayment

/nɑnpejˈmʌnt/ - [nanpeymunt] - non•pay•ment

We found 6 definitions of nonpayment from 4 different sources.

What does nonpayment mean?

Noun Plural: nonpayments
nonpayment - loss resulting from failure of a debt to be paid
		default, nonremittal
		payment the act of paying money
		financial loss loss of money or decrease in financial value
nonpayment - the deliberate act of failing to pay money; "his evasion of all his creditors"; "he was indicted for nonpayment"
		evasion
		defrayal, defrayment, payment the act of paying money
		commercialism, mercantilism, commerce an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
nonpayment - act of failing to meet a financial obligation
		default, nonremittal
		failure an unexpected omission; "he resented my failure to return his call"; "the mechanic's failure to check the brakes"