nonpayment

Noun

• the deliberate act of failing to pay money
  • his evasion of all his creditors
    
  • he was indicted for nonpayment
    

• loss resulting from failure of a debt to be paid

• act of failing to meet a financial obligation

Related words

• Synonyms: 
  evasion , default , nonremittal
• Antonyms: 
  payment , defrayal , defrayment