Nonpayment: meaning, definitions and examples

Use this term in formal or official situations, particularly when referring to missed payments in contracts, bills, or legal documents.

• The company sent a notice about the nonpayment of the recent invoice.
• Nonpayment of taxes can result in hefty fines.

A straightforward and versatile phrase suitable for both formal and informal contexts when explaining that someone did not make a payment.

• Failure to pay the rent on time may lead to eviction.
• His failure to pay back the loan caused tension among friends.

This word is often used in financial and legal contexts to describe a failure to pay debts on time, implying a pattern of lateness or irresponsibility. It often carries a negative connotation.

• The borrower’s delinquency resulted in a lower credit score.
• Addressing juvenile delinquency requires community involvement.

Used when someone fails to pay money that is due. It is commonly used in financial or legal contexts.

• The company faced penalties due to the nonpayment of taxes.
• Nonpayment of rent can lead to eviction.

Refers to the violation of a binding agreement between two or more parties. This term is specifically used in legal contexts.

• The supplier's delay in delivery was a breach of contract.
• He sued the company for breach of contract when they failed to fulfill their agreement.

Occurs when someone fails to fulfill their obligations, especially in financial contexts like loans or mortgages. This term has a slightly negative connotation.

• She was worried she might default on her student loans.
• The borrower defaulted on the mortgage, leading to foreclosure.