Nonpayment: meaning, definitions and examples

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nonpayment

[ nɒnˈpeɪmənt ]

^{Context #1}

financial

Failure or refusal to pay a debt, bill, or financial obligation.

Synonyms

delinquency, failure to pay

Examples of usage

The company is facing legal action due to nonpayment of taxes.
She was evicted from her apartment because of nonpayment of rent.

^{Context #2}

legal

The act of not fulfilling a financial obligation or agreement.

Synonyms

breach of contract, default

Examples of usage

The contract states that nonpayment of fees will result in cancellation of services.

Translations

Translations of the word "nonpayment" in other languages:

🇵🇹 inadimplência

🇮🇳 अदायगी न होना

🇩🇪 Nichtzahlung

🇮🇩 kegagalan membayar

🇺🇦 невиплата

🇵🇱 niezapłacenie

🇯🇵 未払い

🇫🇷 non-paiement

🇪🇸 impago

🇹🇷 ödememe

🇰🇷 미납

🇸🇦 عدم الدفع

🇨🇿 neplacení

🇸🇰 neplatenie

🇨🇳 未付款

🇸🇮 neplačilo

🇮🇸 vanræksla á greiðslu

🇰🇿 төлем жасамау

🇬🇪 გადაუხდელობა

🇦🇿 ödəməmək

🇲🇽 impago

Word origin

The word 'nonpayment' originated from the combination of 'non-' meaning 'not' and 'payment' meaning 'the action or process of paying someone or something.' The term has been in use since the late 18th century, evolving to represent the failure or refusal to pay a debt or financial obligation. Nonpayment is a common concept in financial and legal contexts, often leading to consequences such as legal action, default, or breach of contract.