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What is "nonremittal"

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nonremittal
The Collaborative International Dictionary
nonremittal

nonremittal \nonremittal\ n.

  1. The act of failing to meet a financial obligation.

    Syn: default, nonpayment.

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

    Syn: nonpayment, default.

WordNet
nonremittal

  1. n. act of failing to meet a financial obligation [syn: default, nonpayment]

  2. loss resulting from failure of a debt to be paid [syn: nonpayment, default] [ant: payment]