delinquent
Failing to make payments per the loan agreement results in delinquency (see also, default).
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
delinquent
Noun: delinquent, juvenile delinquent (a young offender)
Adjective: delinquent (guilty of a minor misdeed) "delinquent minors"
Adjective: derelict, delinquent, neglectful, remiss (failing in what duty requires) "derelict (or delinquent) in his duty"; "neglectful of his duties"; "remiss of you not to pay your bills"
Adjective: delinquent (persistently bad) "school for delinquent boys"
Adjective: delinquent, overdue (past due; not paid at the scheduled time) "an overdue installment"; "a delinquent account"
- delinquent -
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