Definition of nonpayment

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Nonpayment (n.) Neglect or failure to pay.

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Distrain :: Distrain (v. t.) To seize, as a pledge or indemnification; to take possession of as security for nonpayment of rent, the reparation of an injury done, etc.; to take by distress; as, to distrain goods for rent, or of an amercement..
Nonpayment :: Nonpayment (n.) Neglect or failure to pay.
Dishonor :: Dishonor (n.) The nonpayment or nonacceptance of commercial paper by the party on whom it is drawn.
Distress :: Distress (n.) The act of distraining; the taking of a personal chattel out of the possession of a wrongdoer, by way of pledge for redress of an injury, or for the performance of a duty, as for nonpayment of rent or taxes, or for injury done by cattle, etc..
Protest :: Protest (v.) A solemn declaration in writing, in due form, made by a notary public, usually under his notarial seal, on behalf of the holder of a bill or note, protesting against all parties liable for any loss or damage by the nonacceptance or nonpayment of the bill, or by the nonpayment of the note, as the case may be..
Tender :: Tender (n.) An offer, either of money to pay a debt, or of service to be performed, in order to save a penalty or forfeiture, which would be incurred by nonpayment or nonperformance; as, the tender of rent due, or of the amount of a note, with interest..
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