A failure to deliver even the minimum payment on a loan or debt payment on or before the time agreed Accounts are often referred to as 30, 60, 90 or 120 days delinquent because most lenders have monthly payment cycles
Someone, usually a young person, who is delinquent repeatedly commits minor crimes. remand homes for delinquent children. Delinquent is also a noun. a nine-year-old delinquent. see also juvenile delinquent. someone, especially a young person, who breaks the law or behaves in ways their society does not approve of
In a monetary context, something that has been made payable and is overdue and unpaid, Due Diligence Refers to the task of carefully confirming all critical assumptions and facts presented by a borrower This includes verifying sources of income, accuracy of financial statements, value of assets that will serve as collateral, the tax status of the borrower and any other material facts presented by the borrower Endowment or Trust A fund that contains assets whose use is restricted only to the income earned by these assets Equity The value of property in an organization greater than total debt held on it Equity investments typically take the form of an owner's share in the business, and often, a share in the return, or profits Equity investments carry greater risk than debt, but the potential for greater return should balance the risk
When a borrower is late making a payment (i e pays after the due date) Late fees can be charged when borrowers are delinquent After 180 days of delinquency, a student loan borrower is considered to be in default
If a payment is not received by the due date, it is considered delinquent Delinquencies greater than 30 days are generally reported to national credit bureaus
a young offender past due; not paid at the scheduled time; "an overdue installment"; "a delinquent account" persistently bad; "school for delinquent boys" guilty of a minor misdeed; "delinquent minors
In history a name applied by the Parliamentary Party to those who assisted Charles I or II by arms, money or personal service in levying war 1642 - 1660 As it practically included all Royalists it became common parlance almost synonymous with "Cavalier"
A loan is considered delinquent when a payment is not made on time, and late fees may be charged If several payments are missed, the loan goes into default