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impago

non-payment, default

noun eem-PAH-goh Rare

Usage Note

Impago is a financial and legal term for a missed payment or default. It is used in contexts such as impago de hipoteca (mortgage default) or tasa de impago (default rate). The adjective impagado describes an invoice or bill that has not been paid.

Examples

"El banco inició acciones legales por impago."

Natural Translation

The bank initiated legal action for non-payment.

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