nonremittal

n.	1.	The act of failing to meet a financial obligation.
	2.	A loss resulting from failure of a debt to be paid.

Thesaurus

Noun	1.	nonremittal - act of failing to meet a financial obligation nonpayment, default failure - an act that fails; "his failure to pass the test"
	2.	nonremittal - loss resulting from failure of a debt to be paid nonpayment, default delinquency - nonpayment of a debt when due financial loss - loss of money or decrease in financial value