Financial Dictionary
Delinquent
A term describing the failure to meet required obligations according to schedule.
Investopedia Commentary
In the world of finance, this term is used in a number of ways from describing a company late in filing its regulatory requirements to failure to meet required loan obligations. Generally, companies that are delinquent in their obligations receive a some sort of punishment.
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See also: Bankruptcy, Chapter 11, Chapter 7, Debt
Also spelled: delinquency