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Definition of Nonpayment
1. Noun. Act of failing to meet a financial obligation.
2. Noun. Loss resulting from failure of a debt to be paid.
Specialized synonyms: Delinquency
Generic synonyms: Financial Loss
Derivative terms: Default
Antonyms: Payment
3. Noun. The deliberate act of failing to pay money. "He was indicted for nonpayment"
Specialized synonyms: Tax Evasion
Generic synonyms: Commerce, Commercialism, Mercantilism
Antonyms: Payment
Definition of Nonpayment
1. n. Neglect or failure to pay.
Definition of Nonpayment
1. Noun. The failure to make a payment ¹
¹ Source: wiktionary.com
Definition of Nonpayment
1. [n -S]
Lexicographical Neighbors of Nonpayment
Literary usage of Nonpayment
Below you will find example usage of this term as found in modern and/or classical literature:
1. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1903)
"from the nonpayment of the note that the policy had been forfeited. To this the
court (supreme court of Ohio) replied: "It is not insisted that the ..."
2. Handbook of the Law of Insurance by William Reynolds Vance (1904)
"76) CONSEQUENCES OF nonpayment OF PREMIUMS. protest of a bill drawn by the insured,
with a condition of forfeiture of the policy upon nonpayment, ..."
3. Commentaries on the Laws of England by William Blackstone, William Carey Jones (1915)
"(cc) Protest for nonpayment.—But, in case such bill be accepted by the drawee,
and after acceptance he fails or refuses to pay it within three days after it ..."
4. The American and English Encyclopedia of Law by John Houston Merrill, Charles Frederic Williams, Thomas Johnson Michie, David Shephard Garland (1890)
"vided that the policy shall not be binding while an instalment re- mains due and
unpaid ; the nonpayment of an instalment when Binding While Premium Overdue ..."
5. A Treatise on the Law of Insurance of Every Kind by Joseph Asbury Joyce (1917)
"... but concerning the right to cancel upon such nonpayment it is undoubted that
the parties may mutually consent to a rescission or cancelation, ..."
6. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1910)
"Gamely, the nonpayment of the note : but, like other forfeitures for failure to
comply with condition subsequent, the company may waive the forfeiture ..."
7. Briefs on the Law of Insurance by Roger William Cooley, Lawrence Vold (1905)
"So admissions of an insured as to the forfeiture of his rights for nonpayment,
made when seeking a reinstatement, are not admissible in an action on the ..."
8. Judicial and Statutory Definitions of Words and Phrases by West Publishing Company (1904)
"A protest is simply a demand of payment in proper form and at a proper time, and,
in case of nonpayment, due and reasonable notice to the indorsers by the ..."
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