The meaning of DELINQUENT is a usually young person who regularly performs illegal or immoral acts. How to use delinquent in a sentence.
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Handling delinquent accounts is essential, but learning how to avoid them is even more beneficial for your business. Implementing proactive strategies such as setting clear payment terms, regularly monitoring accounts, and offering flexible payment options can significantly reduce the risk of accounts beco...
failure in or neglect of duty or obligation; dereliction; default: delinquency in payment of dues. wrongful, illegal, or antisocial behavior.Comparejuvenile delinquency. any misdeed, offense, or misdemeanor. something, as a debt, that is past due or otherwisedelinquent. ...
Businesses usually write off bad debts as expenses. We also use the termsbad loansordelinquent loanswith the same meaning as bad debts.Expenses are what companies, individuals, and organizations spend. Defaulting on debts Borrowers sometimes default on their debt. In other words, they fail to pay...
Bad debts not only affect the financial health of the lending institution but can also have broader economic implications, as high levels of delinquent loans can lead to tighter lending standards and reduced credit availability in the economy. ...
the recovery of delinquent loans yú qī tí jiāo bù huì bèi biāo jì 逾期提交不会被标记。 Late submissions will not be marked. antonym rú qī如期àn qī按期 Word usage Separable word "逾" and "期" can be combined as one word, or be used separately with other elements inserted. ...
Accounts receivable specialists are responsible for contacting customers who owe money to the company, negotiating payment terms and following up with delinquent customers.The accounts receivable collections process Invoice issuance: The initial step involves creating and sending out detailed invoices to custo...
Once the forbearance period is over, the borrower is usually responsible for making up the delinquent payments. The lender often works with the borrower to devise a plan to catch up on the debt. Homeowners who received a COVID-19 forbearance for their federally backed loan cannot be required ...
and those behind in their monthly mortgage payment by 60 days or more are considered 60 days delinquent. Delinquencies get reported to credit agencies and negatively impact your credit score. If a 60-plus delinquency turns into 90 days, the lender may begin the foreclosure process in which the ...