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Definition of 'Delinquent'
The failure to accomplish what is required by law or duty, such as the failure to make a required payment or to perform a certain action. A delinquent is an individual or corporation with a contractual obligation to make payments against a loan in a timely manner, such as through a mortgage, but payments are not made on time. In the case of a mortgage, the lender can initialize foreclosure proceedings if the mortgage is not brought up to date within a certain amount of time.
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Investopedia explains 'Delinquent'
The term delinquent commonly refers to a situation where a borrower is late or overdue on a payment, such as income taxes, a mortgage, automobile loan or credit card account. There are consequences for being delinquent, depending on the type, duration and cause of the delinquency. People who are late with a credit card payment may be forced to pay a late fee. Delinquent also refers to the failure to perform a duty or act in a manner expected of a person in a particular profession or situation. For example, a police officer who does not act in a manner to fulfill his or her duty to protect could be found delinquent.
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Search results for 'Delinquent'
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http://www.investopedia.com/articles/pf/11/intro-to-credit-card-delinquency.asp
... Such a dearth of knowledge perhaps explains why delinquency has become such a
significant problem and why those designated as delinquent do not know how to ...
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http://www.investopedia.com/articles/financialcareers/08/tax-man.asp
... Collectors Tax collectors, or "revenue officers," as labeled by the IRS, deal
with the collection of delinquent accounts. If a taxpayer ...
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http://financialedge.investopedia.com/financial-edge/0611/Will-Paying-Off-Old-Debt-Boost-Your-Credit-Score.aspx
... If you have a low credit score and are working towards raising it, it seems
to make sense to pay off all of your old delinquent debts. ...
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http://www.investopedia.com/articles/tax/09/enforced-collections.asp
... the IRS. It gives the IRS the authority to seize any proceeds from sales
of real estate owned by a delinquent taxpayer. The rules ...
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http://www.investopedia.com/articles/taxes/12/start-over-with-IRS.asp
... The recent downturn in the economy has only amplified these issues, as delinquent
taxpayers who have lost their jobs have suddenly become unable to continue ...
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http://www.investopedia.com/articles/mortgages-real-estate/09/new-mortgage-business-loss-mitigation.asp
... do something before receiving a NOD." That is, originate a refinance loan while
the customer is 30-, 60-, or sometimes even 90-days delinquent, and consolidate ...
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http://stocks.investopedia.com/stock-analysis/2012/Banks-Looking-To-Buy-Bad-Mortgages-AVB-BX-COF-HCN-HCP0208.aspx
Banks are offering delinquent homeowners $35000 or more in cash
to sell their properties for less than they owe. ...
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http://www.investopedia.com/articles/younginvestors/07/deferment.asp
... Read on to find out how a loan deferment could save the day in a student's fight
against mounting debt. (To learn more about avoiding delinquent accounts, see ...
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http://www.investopedia.com/articles/pf/11/how-to-survive-bankruptcy.asp
... They can seize your deposits if an account goes delinquent (as yours is
about to). (The best cure for bankruptcy is prevention. ...
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http://financialedge.investopedia.com/financial-edge/0811/Is-The-Housing-Bubble-Over.aspx
... Foreclosures, short sales and delinquent mortgages have damaged the credit ratings
of many homeowners and they won't be able to reenter the market for many ...
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