Roget's Thesaurus of English Words and Phrases by Peter Mark Roget

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.