Underpayment

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Underpayment

The act of paying an amount under the full amount. For example, if one's mortgage payment is $600 per month but one only pays $400 for July, one has underpaid the mortgage. Underpayment is not sustainable and may lead to serious financial difficulties. However, paying what one can afford when one cannot pay the full amount may be easier for both the obligor and the obligee.
References in periodicals archive ?
The report also estimated that airlines are underpaying the TSA by some USD14.
At least one-half of the 4,000 companies underpaying the fund should be able to avoid the rate increase by making the changes, he says.
The bill is intended to resolve hardships created when Congress, in November 1991, repealed the safe harbor certain taxpayers relied on to avoid a penalty for underpaying estimated taxes.
Information obtained by Ms Wood revealed that 37 employers were found in 2012-13 to be underpaying their Welsh workers to the tune of PS97,226, but all escaped prosecution.
A total of 409 employers have been caught underpaying staff in the past two-and-a-half years.
64 billion for fraudulent business practices including underpaying workers' compensation premiums.
Virgin Atlantic Airways has reportedly been forced to pay GBP2m in compensation after underpaying part-time cabin crew.
But I don't think that underpaying should have anything to do with enforcing laws.