Definition, Meaning & Synonyms
non-payment
Noun
/nɒnˈpeɪmənt/
Definition
The failure to make a payment that is due.
Examples
- The landlord filed for eviction due to non-payment of rent.
- Non-payment can lead to further legal issues and financial penalties.
- Many companies face challenges as a result of non-payment from clients.
Meaning
Non-payment refers to a situation where an individual or entity does not fulfill their obligation to pay money, typically in relation to debts, bills, or contractual agreements.
Synonyms
- Default
- Delinquency
- Non-settlement
- Failure to pay
