What is another word for nonpayment?

99 synonyms found


[ nˌɒnpˈe͡ɪmənt], [ nˌɒnpˈe‍ɪmənt], [ n_ˌɒ_n_p_ˈeɪ_m_ə_n_t]

Nonpayment is a term used to describe the failure to pay an obligation, debt or bill when it's due. Synonyms for nonpayment include default, delinquency, late payment, arrears, lapsed payments, failure to pay, and owing money. Delayed payment indicates that a payment has been postponed from the original due date, while lapsed payments suggest missing one or more scheduled payments. A delinquency refers to overdue payments, and arrears are the total amount of overdue payments. A failure to pay can refer to a missed payment or a refusal to pay an obligation. Whether it's due to financial struggles or intentional evasion, nonpayment can bring consequences like late fees, legal penalties, and damaged credit scores.

How to use "Nonpayment" in context?

Nonpayment includes not only not paying your bills on time, but also deliberately refusing to do so. This can lead to significant consequences for your credit rating and your ability to borrow money in the future.

If you're struggling to make your rent or mortgage payments, there are a few things you can do to try and get your financial situation under control. First, try talking to your landlords or creditors about the situation. If they're unwilling or unable to work with you, you may need to consider filing for bankruptcy.

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