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 ?
The RR states that all persons with internal revenue tax liabilities, whether natural or juridical, covering taxable year 2017 and prior years, may avail themselves of the tax amnesty on delinquencies within one year from the effectivity of the RR.
Saying the BIR had 'zero batting average' on tax evasion cases it had filed with the DOJ, Joven said the government 'needed a mechanism to ensure that we clear the dockets and free the time of BIR employees to proceed against really errant taxpayers and involving more recent cases,' hence the amnesty on delinquencies.
If a major reason why taxpayers are delinquent is a liquidity constraint, it is not surprising that a late-payment penalty doesn't reduce delinquencies, especially when the penalty rate is limited to one-half of one percent per month.
Home equity loan delinquencies hit another record, rising to 4.32 percent of all accounts compared to 4.30 percent in the previous quarter.
While all four major loan types saw increases in delinquencies during the fourth quarter, increases in subprime loan delinquencies--those bearing high interest rates and given to borrowers with poor credit histories--were the most notable in New Hampshire and across the nation.
However, decreases in permanent debt delinquencies for assisted living and skilled nursing are always positive news.
Also, the reported increase in permanent debt delinquencies took place only in assisted living and skilled nursing, as no permanent debt delinquencies were reported for independent living during that period.
According to FSS, given the decline in refinanced loans and new delinquencies, credit card company delinquency ratios seem to have entered a stabilization phase, the FSS said.
Items number 9 and 10 also attracted favourable responses form both male and female, pointing to the fact that peer groups are a strong factor to reckon with when trying to curb juvenile delinquencies.
As the subcommittee knows, consumer delinquencies on nonmortgage debt have increased in recent periods and are beginning to affect profit margins at some financial institutions.
THE Department of Finance (DOF) plans to implement by April this year the tax amnesty on delinquencies provision under Republic Act (RA) 11213, or the Tax Amnesty Act of 2019.
After 2018, we believe several risks could become more prominent and raise delinquencies. Future CMBS refinancing could be pressured if interest rates rise quickly.