from The American Heritage® Dictionary of the English Language, 4th Edition
- n. Juvenile delinquency.
- n. Failure to do what law or duty requires.
- n. An offense or a misdemeanor; a misdeed.
- n. A debt or other financial obligation on which payment is overdue.
- adj. Of or relating to juvenile delinquency: delinquency problems.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. misconduct
- n. a criminal offense
- n. a debt that is overdue for payment
from the GNU version of the Collaborative International Dictionary of English
- n. Failure or omission of duty; a fault; a misdeed; an offense; a misdemeanor; a crime.
from The Century Dictionary and Cyclopedia
- n. Failure or omission of duty or obligation; a dereliction; a fault; a shortcoming; an offense.
- n. Synonyms Wrong, Sin, etc. See crime.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a tendency to be negligent and uncaring
- n. nonpayment of a debt when due
- n. an antisocial misdeed in violation of the law by a minor
If the delinquency is not due to something catastrophic, let them fail!
A decline in delinquency rates for most issuers of credit cards failed to staunch disappointment over the continued slow pace of recovery in the U.S. industry.
In one of the stranger combinations related to the mortgage crisis, the Creative Coalition, which represents the entertainment industry and is bringing movie stars to Denver, will be teaming up with the National Association of Realtors at the Denver convention to host on luncheon to honor the “Colorado Foreclosure Hotline” – a toll-free number providing advice to homeowners behind in delinquency or foreclosure.
Lawyers who defend homeowners against foreclosure maintained that mortgage companies collect lucrative fees from long-term delinquency, undercutting their incentive to lower payments to affordable levels.
"Significant increases in delinquency rates have in some cases led to unexpected increases in credit losses and the failure of some subprime specialist firms," Duncan said.
As indicated by the percentages, longer-term delinquency over 90 days makes up all but 0.96% of the delinquency as of June 30, 2011.
Long-term delinquency does cause neighborhoods to deteriorate, and it does foster more accelerated defaults as neighbors see the rewards obtained by those who stop paying their mortgages.
CRE near term delinquency improved during the quarter, and accruing watch list loans decreased $49 million primarily due to the movement of the five relationships in NPL status.
Near term delinquency showed improvement, both in terms of dollars and as a percent in the portfolio for the fourth consecutive quarter.
Bruce, one other specific comment on that as we have mentioned several times on the call the delinquency category on the commercial categories is not necessarily always perfectly linked with non-performers.