Non-Payment

Commercial Credit Insurance
Commercial credit insurance provides coverage for an insured firm if its business debtors fail to pay their obligations.
Dishonour
A comprehensive overview of the accounting term 'dishonour,' referring to the failure to pay a cheque, accept or pay a bill of exchange, or honour any other financial obligation.
Stiff
Failure to pay for services rendered; for example, stiffing a waiter by not leaving a tip.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.