Nonpayment: meaning, definitions and examples
💳
nonpayment
[ nɒnˈpeɪmənt ]
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.
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
Etymology
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.
See also: nonpayer, pay, payable, payback, payee, payer, paymaster, payment, payments, payoff, payor, paywise, repay, repayment, spay.