Delinquency


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Delinquency

Failure to make a payment on a debt or obligation by the specified due date.

Delinquency

The state of being late for a payment on a loan or other liability. If a payment is due on the third of each month and one does not pay until the ninth, the account is said to be in delinquency until the payment is made. Some liabilities have grace periods to allow for late periods up to a certain point without causing delinquency. A late fee may or may not be assessed on a delinquent payment. Serious and prolonged delinquency can lead to default.

Delinquency

A mortgage payment that is more than 30 days late.

References in periodicals archive ?
Removing these previously distressed assets from the numerator of the delinquency calculation helped move the rate down by 19 basis points.
The lodging sector remained the best-performing major property type; its delinquency rate improved 5 basis points to 3.
Although a number of delinquency risk factors affect both boys and girls (e.
There has been a steady increase in delinquency rates for this type of loan across all four major Fourth District metro areas since the beginning of 2007.
Diners Club Global Vision[TM] is a critical component of an effective T&E management program and enables users to improve delinquency management, enforce policy compliance and gain leverage in vendor negotiations.
Juvenile Mentoring Program (JUMP) projects, as outlined by the Office of Juvenile Justice and Delinquency Prevention (OJJDP) in 1992 specifically match youth who may be at risk for delinquency, gang involvement, drug use or school failure with an adult mentor to provide support, guidance and to help buffer the risks that may impede healthy development.
These would not only control adolescent misbehavior but would also seek to determine the underlying sources of delinquency and provide social services aimed at e liminating these problems.
McKay expects to hear 30 to 50 cases a day at the former Lancaster Sheriff's Station, which was converted to the North District Juvenile Delinquency Court at a cost of $1.
in delinquency, the more likely he or she is to associate with
Strain theory viewed delinquency as arising from the frustration felt by individuals who were unable to achieve culturally defined goals because they were denied the institutionalized means of doing so.
At the same time, youngsters being raised by abusive, unstable parents or living in crime-ridden neighborhoods who nevertheless refrain from delinquency often have above-average IQs.
CMBS Delinquency Report today (available at http://www.