Meaning : Act of failing to meet a financial obligation.
Synonyms : default, nonremittal
Meaning : Loss resulting from failure of a debt to be paid.
Synonyms : default, nonremittal
A sum of money paid or a claim discharged.
paymentMeaning : The deliberate act of failing to pay money.
Example :
His evasion of all his creditors.
He was indicted for nonpayment.
Synonyms : evasion