Nonpaying Meaning: Definition, Examples, and Translations
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nonpaying
[nɒnˈpeɪɪŋ ]
Definition
finance context
The term 'nonpaying' refers to an individual, entity, or situation that does not or cannot make a payment. This can apply to loans, debts, services, or subscriptions where payment has not been fulfilled. Nonpaying clients can be a concern for businesses as they can affect cash flow and operational health. It may also apply to nonpaying members of an organization or nonpaying customers of a service.
Synonyms
defaulting, delinquent, negligent.
Examples of usage
- The nonpaying tenant was evicted from the apartment.
- Many companies have trouble with nonpaying customers.
- We had to write off those accounts as nonpaying.
- The nonpaying invoices piled up, creating financial stress.
Translations
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Origin of 'nonpaying'
The word 'nonpaying' is constructed from the prefix 'non-', which is derived from Latin, meaning 'not', and the word 'paying', which is the present participle of 'pay'. The term 'pay' comes from the Latin 'pacare', which means 'to pacify or appease' and evolved through Old French influences. The prefix 'non-' has been used in English since the late Middle Ages to form adjectives that negate the meaning of the base word. Thus, 'nonpaying' simply denotes an absence of payment. It has been used more frequently in modern financial contexts as a way to describe individuals or entities that are failing to meet payment obligations. As financial systems have become more complex and regulatory environments have evolved, the term has been essential in discussions of consumer credit, tenant rights, and business debt management.