What is another word for non-payments?
Pronunciation: [nˈɒnpˈe͡ɪmənts] (IPA) 
Non-payments is a term that refers to the failure of an individual or organization to make due payments on time. Synonyms for this term include non-remittance, delinquency, arrears, debt, and default. Non-remittance refers to the failure to remit or send overpayments or funds. Delinquency, on the other hand, implies a delay or tardiness in payment, commonly associated with a penalty or fees. Arrears and debt both suggest that there is an outstanding balance owed, with debt emphasizing a long-term obligation. Default refers to a situation in which the borrower fails to repay a loan, resulting in a possible legal action. Regardless of the synonym, non-payment can lead to serious consequences for both the debtor and creditor.
