Slow Loan

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Slow Loan

A loan that a regulator or bank considers to be at risk of default. Payments on a slow loan are generally 60 to 90 days late, depending on a regulator's definition and the maturity of the loan. A slow loan may be referred to a collection agency, which attempts to enforce repayment.
References in periodicals archive ?
In December 1979, recovered and nonrecovered thrifts showed no difference in their levels of nonperforming loans (slow loans), and while statistically significant, the difference in their levels of foreclosed assets was economically trivial.