Nonpayment (Noun)

Meaning ¹

The deliberate act of failing to pay money; "his evasion of all his creditors"; "he was indicted for nonpayment".

Classification

Nouns denoting acts or actions.

Examples

• The company's nonpayment of taxes led to a lengthy audit and hefty fines.
• Her nonpayment of rent resulted in her eviction from the apartment.
• The city's nonpayment of its debts caused its credit rating to plummet.
• The charge of nonpayment of child support was added to his list of outstanding warrants.
• The court ruled in favor of the landlord due to the tenant's repeated nonpayment of rent.

Synonyms

• Evasion

Antonyms

• Payment

Hypernyms

• Commerce
• Mercantilism

Hyponyms

• Tax Evasion

Meaning ²

Act of failing to meet a financial obligation.

Classification

Nouns denoting possession and transfer of possession.

Examples

• The company's nonpayment of rent led to its eviction from the premises.
• The bank's policy is to report nonpayment of loans to the credit bureaus.
• The tenant's nonpayment of rent for three consecutive months resulted in a lawsuit.
• The government's nonpayment of contractors has caused a significant delay in the project.
• The nonpayment of taxes by the corporation has led to a lengthy audit and potential penalties.

Synonyms

• Nonremittal
• Default

Hypernyms

• Failure

Meaning ³

Loss resulting from failure of a debt to be paid.

Classification

Nouns denoting possession and transfer of possession.

Examples

• The bank's losses from nonpayment of mortgages have been staggering over the past year.
• The company's cash flow problems were exacerbated by the nonpayment of several large invoices.
• The creditor may seek to recover losses due to nonpayment of the loan through other means.
• The lender is exposed to significant risk of nonpayment if the borrower's credit history is poor.
• The small business owner was devastated by the nonpayment of a large sum by a long-time customer.

Synonyms

• Nonremittal
• Default

Antonyms

• Payment