credit loss
Loan gone bad
Credit loss is money a lender loses when a borrower fails to repay a debt.
Banks and financial institutions track credit losses to assess risk and maintain adequate reserves.
The term appears in accounting and regulatory contexts: The bank reported significant credit losses on its mortgage portfolio.
Expected credit loss models attempt to predict future defaults.
- defaultPreset standard option
- write-offRecorded value reduction
- bad debtUnrecoverable money owed
- delinquencyCriminal or neglectful behavior
- past dueBeyond payment deadline
impairment · provision · charge-off · nonperforming · foreclosure · bankruptcy · financial distress · arrears · collection · recovery · risk · exposure · reserve · allowance · portfolio · lending · mortgage · underwater mortgage
credit losscredit recovery
Completing previously failed coursework
interest income · write-up · debt recovery · financial gain · recoveries
credit, loss, credits, credited, crediting, creditor, creditors, creditable, accredit