non-payment

non-payment
non-payment ˌnon-ˈpayment noun [uncountable] COMMERCE
when a person or organization does not make a payment that should be made:

• They were sued for alleged non-payment of bills and loans.

* * *

non-payment UK US (also nonpayment) noun [U]
COMMERCE, FINANCE the fact of not paying or being paid a sum of money that is owed: non-payment of bills/fines/rent, etc. »

The law banned water companies from disconnecting customers for non-payment of bills.

»

Consider taking out insurance against non-payment.


Financial and business terms. 2012.

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Look at other dictionaries:

  • non-payment — n [U] when you do not pay the money that you owe in tax, rent etc non payment of ▪ She was finally evicted in April for non payment of rent …   Dictionary of contemporary English

  • non-payment — N UNCOUNT: usu N of n Non payment is a failure to pay a sum of money that you owe. She has received an eviction order from the council for non payment of rent. Ant: payment (in AM usually use, and in BRIT sometimes use nonpayment) …   English dictionary

  • non-payment — noun (U) failure to pay money that you owe in tax, rent etc (+ of): non payment of rent …   Longman dictionary of contemporary English

  • non-payment — UK / US noun [uncountable] failure or a refusal to pay for something non payment of rent/fines …   English dictionary

  • non-payment — /nɒn peɪmənt/ noun ♦ non payment of a debt the act of not paying a debt that is due …   Marketing dictionary in english

  • non-payment — /nɒn peɪmənt/ noun ♦ non payment of a debt the act of not paying a debt that is due …   Dictionary of banking and finance

  • non-payment — /nɒnˈpeɪmənt/ (say non paymuhnt) noun 1. lack of payment. 2. failure to pay. Also, nonpayment …  

  • non payment — lack of payment; lack of settlement, lack of repayment …   English contemporary dictionary

  • non-payment — n. failure to pay; a lack of payment …   Useful english dictionary

  • non-payment — noun failure to pay an amount of money that is owed …   English new terms dictionary

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