nonperforming asset

Nonperforming asset

An asset that is not effectively producing income, such as an overdue loan.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

nonperforming asset

An asset that produces no income. For example, a loan on which the borrower is not making payments is often described as a nonperforming asset. Firms often continue to include these assets, which are of questionable value, on their financial statements because they do not wish to show the losses entailed in writing them off. Also called nonperforming loan. Compare underperforming asset.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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Its credit numbers are very strong--City National's nonperforming asset ratio is 0.7% and net charge-offs are quite low.
''The nonperforming asset problem has had a corrosive effect on productive growth in Japan -- and hence long-term growth prospects,'' he said.
Analysts contend that some of the bank's woes were due to Sunbeam Corp.'s loan facility, which has been a nonperforming asset for the bank.
According to group member Nobuo Akai, a professor at the University of Hyogo, it is the first time that a group has estimated and compiled nonperforming asset data at nationwide public land developers.
The company is now looking at other capital-raising alternatives and nonperforming asset liquidation plans.
Additionally, credit quality continued to improve, with Enterprise Value loans decreasing 39% from the prior quarter to $64.5 million as of June 30th and nonperforming assets down to just 0.27% of total assets."
State-run GSIS said it would sell its nonperforming assets in Port Area, including the lot being occupied by the Manila International Container Terminal (MICT).
Nonperforming assets were USD324,000 at March 31, 2019, compared to USD269,000 at December 31, 2018.
Asset quality continues to improve with total nonperforming assets being reduced by 38% during the past twelve months.
A Bicol lawmaker has lauded Malacanang for intensifying its drive to stamp out corruption and save on multibillion-peso subsidies squandered on nonperforming assets (NPAs) with its abolition of "deadwood" state firms like the Partido Development Administration (PDA).
- and took over as CEO of Sussex Bank, a struggling local institution in northwestern New Jersey that was burdened with a high level of nonperforming assets. The turnaround he helped launch - in June, the since-renamed SB One Bank announced a merger with Enterprise Bank, its second in just over a year - offers some good lessons for many business owners and executives.Anthony Labozzetta likes a challenge.