delinquent

(adjective)

Late or failing to pay a debt or other financial obligation, like a mortgage or loan.

Examples of delinquent in the following topics:

  • Striking Agreements to Avoid Bankruptcy

    • Debt restructuring is a process that allows a company or individual in financial distress to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and continue its operations.

  • Managing Collections

    • It should use credit applications to weed out bad customers, and include a clause in the credit application that states all collection costs are reimbursed by the customer on delinquent accounts.

  • Days Sales Outstanding

    • A better way to measure the performance of credit and collection function is by looking at the total overdue balance in proportion of the total accounts receivable balance (total AR = Current + Overdue), which is sometimes calculated using the days' delinquent sales outstanding (DDSO) formula.