Delinquency Financial Glossary

What is it? Failure of a borrower to make timely mortgage payments under a loan agreement.

Finance Term Definition Added By: Katherine

The Delinquency definition has been viewed 1954 Time(s)!

Send To Friends!

If you'd like to send the Delinquency definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Delinquency. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Pensions interest cost and expected return on assets is The net interest cost is the increase in the value of the pension scheme liabilities that arise because those liabilities are one year closer to being paid.

Financial Term SIB is Securities and Investments Board. A financial services industry regulatory organisation, and now part of the Financial Services Authority

Financial Term Digital Certificate is A digital certificate is an electronic document, which verifies the identity of the owner of a public key.

Financial Term pathdependent options is Options whose exercise is influenced by the historical trend in interest rates in addition to the current level of interest rates. The exercise of a path dependent option is influenced by whether or not it is in the money as well as by how many times that option has previously been that deep in the money. Loan prepayments are path dependent. For example, if interest rates fall to 8 percent, a borrower with an 11 percent loan is less likely to prepay his loan than another borrower if rates have fallen to 8 percent and returned to 11 percent several times since the first borrower obtained his loan but only fallen to 8 percent once since the second borrower obtained his loan.

Financial Term Estate Taxes is Taxes levied by federal and state governments on the transfer of your assets after you die.