Nonperforming Loan
Barron's Real Estate Dictionary:
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Nonperforming Loan
A loan that is not earning income for its holder, on which full payment can no longer be expected, payments are more than 90 days delinquent, or the maturity date has passed and payment has not been made.
Example: A bank examiner combed through the records of Easy Money S&L looking for nonperforming loans. The examiner will con- sider these and mark portions as “loss” or “substandard” and comment on them.
Example: A bank examiner combed through the records of Easy Money S&L looking for nonperforming loans. The examiner will con- sider these and mark portions as “loss” or “substandard” and comment on them.
| Nonjudicialforeclosure, Nonfriable | |
| Nonrecourse, Nonresidential |
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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