Non Performing Loan

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Non Performing Loan

A loan in or near default. According to the International Monetary Fund, a non-performing loan is any loan in which: interest and principal payments are more than 90 days overdue; or more than 90 days' worth of interest has been refinanced, capitalized, or delayed by agreement; or payments are less than 90 days overdue but are no longer anticipated. Another definition of a non-performing loan is one in which the maturity date has passed but at least part of the loan is still outstanding. The specific definition is dependent upon the loan's particular terms.
References in periodicals archive ?
The fourth quarter 2000 results contained an after-tax charge of $744,000 related to the write down of a non performing asset.
Accordingly, the bank experiences very high asset quality as evidenced by its ratio of non performing assets to total assets ratio at Dec.
31, 1992, non performing assets as a percentage of total assets were 6.
Non performing assets at TCB were reduced for the 20th consecutive quarter, to a total of $351 million at June 30, 1993.
Since announcing its asset disposition program in June 1991, Boulevard has reduced non performing assets by about $40 million or 40 percent.