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Delinquent

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Delinquent
A term describing the failure to meet required obligations according to schedule.

Notes:
In the world of finance, this term is used in a number of ways from describing a company late in filing its regulatory requirements to failure to meet required loan obligations. Generally, companies that are delinquent in their obligations receive a some sort of punishment.


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