wanprestasi

Indonesian

FWOTD – 23 September 2018

Etymology

Borrowed from Dutch wanprestatie (“non-performance, breach of contract”).

Pronunciation

• IPA^(key): /wanprestasi/

Noun

wanprestasi (plural wanprestasi-wanprestasi)

1. (law, finance) default (The condition of failing to meet an obligation)
2. (law) breach
   • 2004, Jurnal Hukum Bisnis, volume 23, page 110:

     Itulah sebabnya, baik wanprestasi maupun perbuatan melawan hukum merupakan dasar untuk menuntut tanggung jawab perusahaan penilai.

     That is why, both breach and act against the law are fundamental for holding the appraisal company to account.

Synonyms

• (finance): gagal bayar
• (law): cidera janji, ingkar janji