Loans in Default that have been charged off, or are likely to be charged off, as losses. Lenders report the condition of loans with principal and interest in arrears in quarterly Call Reports to bank regulatory agencies. See also Adversely Classified Assets; Charge-Off; Loan Loss Reserves.
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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