non-payment

(also nonpayment)

noun [U]

Definition

› COMMERCE, FINANCE the fact of not paying or being paid a sum of money that is owed: non-payment of bills/fines/rent, etc. The law banned water companies from disconnecting customers for non-payment of bills. Consider taking out insurance against non-payment.

(Definition of non-payment noun from the Cambridge Business English Dictionary © Cambridge University Press)

Focus on the pronunciation of non-payment