Non-Payment

(redirected from nonpayment)
Also found in: Dictionary, Thesaurus, Legal.

Non-Payment

The non-reception of compensation for a good or service. For example, non-payment occurs if one sells a hairdryer for $10 and never receives the $10. Non-payment may result simply from theft, but most of the time the term refers to delinquency or default from a credit sale.
References in periodicals archive ?
Hence, QESCO Cant Subdivision team suspended electric supply of Hanna Urak area over nonpayment bill defaulters after shutting 11 KV Feeder from Grade Station, besides several areas including Kahnsi Road, Balochi Street, Gulistan Road's domestic and commercial electric connections were suspended in case of not submitting bills of electricity.
The nonpayment testing period was added to the regulations in 1996 in response to creditors' concerns that the prior facts-and-circumstances test for determining when an identifiable event had occurred was not sufficiently clear to allow them to determine when reporting was required.
The company cancellation notice should be the final legal notice for nonpayment of premium unless there is an address issue.
The final regulations limit the application of the 36-month nonpayment testing provisions as a triggering event for filing Forms 1099-C to the group of applicable financial entities specified in the originally passed Sec.
For instance, in Office of General Counsel Opinion (Jan.17, 2003), the Department concluded that "the premium paid by the insured to continue the policy after receipt of a notice of cancellation for nonpayment of the premium is considered paid as of the postmark date unless the cancellation notice specifies otherwise." In other words, if the notice of cancellation for nonpayment of premium provides that premium payment is deemed made when the insurer receives it, actual receipt by the insurer is required.
The total included 200,000 nonpayment cases worth 16.3 billion yen on the part of the top four insurers.
While making the national pension scheme mandatory, the Social Insurance Agency did almost nothing to prevent nonpayment and subscription failure.
* Commercial risk: Nonpayment for commercial reasons.
For example, if your customer purchased materials in November and has not paid you by early February, you must send the Notice of NonPayment to the general contractor and owner by certified mail no later than February 13 (because both December and January have 31 days).
The suit also contended that nonpayment for these devices "requires the hospitals to choose between nonpayment for services involving IDE devices furnished to Medicare beneficiaries and declining to furnish the often lifesaving treatment the devices afford." Clearly.
In rebuilding after the fire, the Chinese Staff and Workers' Association stayed on the picket lines, protesting union lockouts, nonpayment of wages, and other abuses.
A press release issued here said that Task Forces of Mardan-1 Division recovered Rs1.5 million from defaulters, replaced 22 tampered meters and removed 84 direct hooks while 12 meters removed due to nonpayment of dues.