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Delinquent

Delinquent

The term delinquent refers to the state of being in arrears. When someone is delinquent, they are past due on their financial obligation(s), such as a loan, credit card, or bond payments. This means a borrower's payments are not made to satisfy their debt(s) in a timely manner. Delinquent entities can be either individuals or corporations. Financial delinquency often leads to default if the arrears aren't brought up to date.

The term may also be used to describe the failure to perform a duty by financial professionals.

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