delinquent account

Past-due balance owed

A delinquent account is a financial account with payments that are past due.

The term appears most often in banking, credit, and billing contexts: Her delinquent account was sent to collections, Three delinquent accounts appeared on his credit report.

The degree of delinquency typically increases with each missed payment cycle.

Related

collection agency · default · arrears · creditor · debt · payment · minimum payment · payment plan · late · late fee · notice · final warning · balance · outstanding · bill · invoice · penalty · fee

Categories
Opposites
payment status

delinquent accountcurrent account

Bank account for regular transactions

Family

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