Delinquency

Business, Legal & Accounting Glossary

Definition: Delinquency


Delinquency


Full Definition of Delinquency


A state that occurs when the borrower fails to make mortgage payments on time, eventually resulting in foreclosure if payments are chronically late.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/delinquency/
Modern Language Association (MLA):
Delinquency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/delinquency/.
Chicago Manual of Style (CMS):
Delinquency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/delinquency/ (accessed: March 29, 2024).
American Psychological Association (APA):
Delinquency. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/delinquency/

Definition Sources


Definitions for Delinquency are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.