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 ?
Key findings of MBA's Second Quarter of 2019 National Delinquency Survey:
The worst performing sector continues to be retail, where the loan delinquency rate rose to 5.78 percent this month, 6 basis points higher than May's rate of 5.72 percent.
Seven schools were awarded at the event for their efforts and programmes dealing with juvenile delinquency, while another seven received honourable mentions.
is also required to pay delinquency interest amounting to P40,000 counting from April 15, 2016 to April 15, 2018.
About $1.1 billion in loans became newly delinquent, which put 21 basis points of upward pressure on the delinquency rate.
The company also reported the consumer lending delinquency rate dropped 2% from 3.95% in Q4 2014 to 3.87% at the end of 2015.
Removing these previously distressed assets from the numerator of the delinquency calculation helped move the rate down by 19 basis points.
The report noted that low ticket size loans with vehicle value of less than Rs 0.25 million show a high average 90+ days past due (dpd) delinquency rate of around 3.1% for both new and used CV loan pools.
One consequence of the upheaval in the housing market is an increase in property tax delinquency rates.
Drug use and delinquency; causes of dropping out of high school?.
The Office of Juvenile Justice and Delinquency Prevention (OJJDP), Office of Justice Programs, U.S.