nonpayment in WordNet English dictionary

1. loss resulting from failure of a debt to be paid
   nonpayment  default  nonremittal 
   
2. act of failing to meet a financial obligation
   default  nonpayment  nonremittal 
   
3. the deliberate act of failing to pay money
   "his evasion of all his creditors"; "he was indicted for nonpayment"
   evasion  nonpayment