Nonpayment (noun)

The failure or refusal to pay a debt or obligation.

Origin:

Non- + payment.

Examples:

  1. Nonpayment of rent can result in eviction.
  2. The company is facing legal action due to nonpayment of debts.
  3. The nonpayment of taxes can result in fines and penalties.
  4. Nonpayment of bills can lead to termination of services.
  5. The bank may take legal action if there is nonpayment of loans.
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