nonpayment

Definitions

The failure or neglect to pay a debt or amount due.

The state of being unpaid.

Examples

The bank initiated foreclosure proceedings due to the homeowner's consistent nonpayment of the mortgage.

The contract explicitly states that nonpayment of the monthly service fee will result in immediate account suspension.

He faced legal action after his prolonged nonpayment of the outstanding business debt.

Synonyms

default delinquency arrears nonremittance failure to pay nonsettlement

Antonyms

payment settlement remittance repayment discharge clearance satisfaction