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GLOSSARY: Enter search term:
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Glossary Term: DELINQUENCY

Definition(s) for DELINQUENCY:


1. ) refers to condition when an individual fails to make a payment on a debt or obligation by the specified due date.

2. ) The failure to make timely payments under a loan or other credit agreement.

3. ) failure of a borrower to make timely mortgage payments under a loan agreement.

4. ) A mortgage loan on which a payment has not been made by the due date

5. ) refers to an instance in which a principal or interest payment on a mortgage loan has not been made in full by the due date.


See Also:
DELINQUENCY PERCENTAGE


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