To miss a payment
Example: They miss a payment deadline
Definition
"To miss a payment" means failing to make a scheduled financial payment by its due date, often resulting in penalties or negative consequences. For example, if someone "misses a payment" on a loan, they have not paid the required amount on time.
Etymology
The phrase "to miss a payment" combines the verb "miss," which comes from Old English 'missan' meaning 'to fail or be wanting,' with the noun "payment," derived from Old French 'paiement,' meaning the act of paying. The phrase literally means failing to fulfill a payment obligation.
