nonremittal

from WordNet (r) 3.0 (2006)

nonremittal
    n 1: act of failing to meet a financial obligation [syn:
         {default}, {nonpayment}, {nonremittal}]
    2: loss resulting from failure of a debt to be paid [syn:
       {nonpayment}, {default}, {nonremittal}] [ant: {payment}]

from The Collaborative International Dictionary of English v.0.48

nonremittal \nonremittal\ n.
   1. The act of failing to meet a financial obligation.

   Syn: default, nonpayment.
        [WordNet 1.5]

   2. A loss resulting from failure of a debt to be paid.

   Syn: nonpayment, default.
        [WordNet 1.5]

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