nonremittal

Thân thiện

The company faced a significant nonremittal when the loan was not repaid.

Definition

Noun 1. Loss resulting from failure of a debt to be paid: The financial loss incurred when a debt is not repaid. 2. Act of failing to meet a financial obligation: The specific instance or action of defaulting on a payment that is due.

Usage and Examples

• The bank recorded a significant nonremittal on the business loan, impacting its quarterly results.
• The contract clearly outlines the penalties for nonremittal of the lease payments.
• A history of nonremittal can severely damage an individual's credit score.

Advanced Usage

• Legal and Financial Context: This term is primarily used in formal, legal, and financial documents, reports, or discussions concerning credit, loans, and contractual obligations. It is a more technical synonym for "default" or "non-payment."
• Distinction from Related Terms: While "nonpayment" is a general term for not paying, nonremittal often specifically implies a failure to pay a or , not merely a refusal to pay for a good or service.

Variants and Related Words

• Nonpayment (n.): A more general term for the failure to pay a sum of money that is due.
• Default (n.): The failure to fulfill an obligation, especially to repay a loan or appear in a court of law.
• Insolvency (n.): The state of being unable to pay one's debts.

Synonyms

• Default
• Failure to pay
• Nonpayment

Antonyms

• Payment
• Remittance
• Settlement
• Discharge (of a debt)

Học thuật

Noun

1. loss resulting from failure of a debt to be paid
2. act of failing to meet a financial obligation

Từ đồng nghĩa

• nonpayment
• default