Delinquency
Banking
A debt that was not paid when due.
- — Dictionary of Banking Terms and Phrases
- — Dictionary of Banking Terms and Phrases retrieved 2014-05-16
Personal Finance
A debt that was not paid by the loan’s payment date.
- — Pocket Cents Glossary retrieved 2014-05-16
Business› Finance› Personal Finance
Mortgage
Failure to make a loan payment to whom it is due. A loan usually is considered delinquent when it is 30 or more days past due.
- — Mortgage Servicing Glossary retrieved 2014-06-15
failure to make a payment when it is due. A loan is generally considered delinquent when it is 30 or more days past due.
- — Making Home Affordable Glossary retrieved 2014-05-16
Real Estate
Failure to make a payment when it is due. The condition of a loan when a scheduled payment has not been received by the due date, but generally used to refer to a loan for which payment is 30 or more days past due.
Failure of a borrower to make timely mortgage payments under a loan agreement. Generally after fifteen days a late fee may be assessed.