Non Performing Loan

(redirected from Non Performing Debts)

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 ?
After the monetary crisis of 1997/1998, many companies were beset by non performing debts including the Gunawan Group.
In 1998, three companies of the Gunawan Group PT Gunawan Dian Steel Pipe (GDSP), Gunawan Iron Steel (GIS) and Gunawan Dianjaya Steel (GDS) had a total non performing debts of Rp 1.

Full browser ?