These arrangements involve negotiating with creditors to accept less than the full balance owed, but the accounts are typically left delinquent during the negotiation period.
DELINQUENT definition: failing in or neglectful of a duty or obligation; guilty of a misdeed or offense. See examples of delinquent used in a sentence.
A delinquent borrower or taxpayer is someone who has failed to pay their debts or taxes.
- failing in or neglectful of a duty or obligation; guilty of a misdeed or offense. 2. past due: a deliquent account. 3. of or pertaining to delinquents or delinquency. n. 4. a person who is delinquent, esp. a juvenile delinquent.
DELINQUENT definition: 1. a person, usually young, who behaves in a way that is illegal or not acceptable to most people…. Learn more.
delinquent, n. & adj. meanings, etymology, pronunciation and more in the Oxford English Dictionary
delinquent, n. & adj. meanings, etymology and more | Oxford English ...
(North American English, finance) a person who has failed to pay money that is owed. Definition of delinquent noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
His delinquent behavior could lead to more serious problems. The town is trying to collect delinquent taxes.
Late or failing to pay a debt or other financial obligation, like a mortgage or loan. Fred is delinquent in making his car payment. The company made a new effort to collect delinquent payments.
A delinquent is typically an individual, often a young person, who regularly engages in unlawful or disobedient behavior. Alternatively, in a financial context, it can refer to a party failing to fulfill their obligations, such as not paying a debt on time.