1. nonremittal(n = noun.possession) default, nonpayment - act of failing to meet a financial obligation;
is a kind of failure
2. nonremittal(n = noun.possession) default, nonpayment - loss resulting from failure of a debt to be paid;
is a kind of financial loss
has particulars: delinquency
1. The act of failing to meet a financial obligation. [WordNet 1.5]
2. A loss resulting from failure of a debt to be paid. [WordNet 1.5]