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performing nonperforming loan |
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performing nonperforming loan A loan on which all payments are made on time but the collateral has decreased in value so that it is no longer sufficient to support the loan. FDIC regulations require the lender to classify the loan as nonperforming. In such a situation, the lender will require additional collateral or will demand payment in full. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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