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To suspend payment

    0.01 sec.
(Com.) to cease paying debts or obligations; to fail; - said of a merchant, a bank, etc.

See also: Suspend



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Dubai's move to suspend payments on its Dubai World conglomerate's debt was "carefully planned" and done in full knowledge of how the markets would react, the chairman of the Supreme Fiscal Committee said on Thursday.
Dubai debt move 'carefully planned': top official by AFP / AFP Global Edition
Some will be willing to suspend payments if, say, you have a definite job to go to in two or three months' time.
Miserly: Need to cut the cost of your home loan? Here's how by guardian.co.uk / guardian.co.uk
Under this settlement, the Department agrees to suspend payment of all but $7,500 of this penalty, provided the town complies with the terms of the consent order.
Board signs off on state DEP order to fix sewage overflows by Telegram & Gazette (Worcester, MA)
 
 
 
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