nonpayment
non·pay·ment
noun
1.
act of failing to meet a financial obligation
Origin
From Middle English nonpayement, nonpaiement, nounpaiement, non paiement, equivalent to non- (“no”, adjective) + payment.
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WordNet 2.1 (Princeton University). Wiktionary (CC BY-SA). CMU Pronouncing Dictionary. WordNet 2.1 Copyright Princeton University. All rights reserved. Wiktionary content is available under the Creative Commons Attribution-ShareAlike Licence.