repudiation; application of the sponge†; whitewashing.
insolvency, bankruptcy, failure; insufficiency &c 640; run upon a
bank; overdrawn account.
waste paper bonds; dishonored bills, protested bills; bogus check,
bogus cheque, rubber check.
bankrupt, insolvent, debtor, lame duck, man of straw, welsher,
stag, defaulter, levanter†.
V. not pay &c 807; fail, break, stop payment; become insolvent, become
bankrupt; be gazetted.
protest, dishonor, repudiate, nullify, refuse payment.
pay under protest; button up one's pockets, draw the purse
strings; apply the sponge; pay over the left shoulder, get whitewashed;
swindle &c 791; run up bills, fly kites.
Adj. not paying, non-paying, non-performing; in debt &c 806;
behindhand, in arrear†, behind in payments, in arrears; beggared &c
(poor) 804; unable to make both ends meet, minus; worse than nothing;
worthless.
insolvent, bankrupt, in the gazette, gazetted.
unpaid &c (outstanding) 806; gratis &c 815; unremunerated.