Difference between Nonpayment and Default

What is the difference between Nonpayment and Default?

Nonpayment as a noun is the failure to make a payment while Default as a noun is the condition of failing to meet an obligation.

Nonpayment

Part of speech: noun

Definition: The failure to make a payment

Default

Part of speech: verb

Definition: To fail to meet an obligation.To lose a competition by failing to compete.To assume a value when none was given.To fail to appear and answer a summons and complaint.

Part of speech: noun

Definition: The condition of failing to meet an obligation.A loss incurred by failing to compete.A value used when none has been given. Often used attributively, e.g., default value.The failure of a defendant to appear and answer a summons and complaint.

Example sentence: To describe my scarce leisure time in today's terms, I always default to reading.

We hope you now know whether to use Nonpayment or Default in your sentence.

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