Glossary entry (derived from question below)
Italian term or phrase:
inadempimento persistente
English translation:
over 90 days past due
Added to glossary by
CristianaC
Nov 26, 2015 08:28
8 yrs ago
3 viewers *
Italian term
United Kingdom
Finance-legal specialist- Ivy League MBA
Native in: Italian 
, English
Works in: English to Italian, Italian to English, French to Italian, and 2 more.
inadempimento persistente
Italian to English
Bus/Financial
Finance (general)
loan classification
usually "inadempimento persistente" should be "past due" - but I have both types of loans together in the same table :
inadempimento persistente AND past due
thank you!
usually "inadempimento persistente" should be "past due" - but I have both types of loans together in the same table :
inadempimento persistente AND past due
thank you!
Proposed translations
(English)
| 3 | non-performing loan / over xx days past due |
Luke Chambers
|
| 2 +1 | recurring non-performance |
Pompeo Lattanzi
|
Proposed translations
23 mins
Selected
non-performing loan / over xx days past due
If you use over xx past due then you would need to follow whatever definition is given in the table, e.g. 30-60 days past due, 60+ days past due / over 60 days past due.
If you are looking for a more qualitative term then you could consider "non-performing loan"
IMF and many banks would call that a "non-performing loan", however that definition may vary depending on the contract.
“A loan is nonperforming when payments of interest and principal are past due by 90 days or more, or at least 90 days of interest payments have been capitalized, refinanced or delayed by agreement, or payments are less than 90 days overdue, but there are other good reasons to doubt that payments will be made in full” (International Monetary Fund).[1]"
A non-performing loan is a loan that is in default or close to being in default. Many loans become non-performing after being in default for 90 days, but this can depend on the contract terms.
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Note added at 59 mins (2015-11-26 09:28:43 GMT)
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OK I see from the additional context in the discussion that "non-performing" probably wouldn't be right. But as far as I understand it "past due" means that they have not honoured the payment terms (even by 1 day). It makes me wonder which loans get put into the last "past due" column and which would be in "inadempimento persistente". My instinct would be to change the final column "past due" to something more meaningful (e.g. non-performing or a number of days) if it's only the really, really late borrowers that go there.
If you are looking for a more qualitative term then you could consider "non-performing loan"
IMF and many banks would call that a "non-performing loan", however that definition may vary depending on the contract.
“A loan is nonperforming when payments of interest and principal are past due by 90 days or more, or at least 90 days of interest payments have been capitalized, refinanced or delayed by agreement, or payments are less than 90 days overdue, but there are other good reasons to doubt that payments will be made in full” (International Monetary Fund).[1]"
A non-performing loan is a loan that is in default or close to being in default. Many loans become non-performing after being in default for 90 days, but this can depend on the contract terms.
--------------------------------------------------
Note added at 59 mins (2015-11-26 09:28:43 GMT)
--------------------------------------------------
OK I see from the additional context in the discussion that "non-performing" probably wouldn't be right. But as far as I understand it "past due" means that they have not honoured the payment terms (even by 1 day). It makes me wonder which loans get put into the last "past due" column and which would be in "inadempimento persistente". My instinct would be to change the final column "past due" to something more meaningful (e.g. non-performing or a number of days) if it's only the really, really late borrowers that go there.
3 KudoZ points awarded for this answer.
Comment: "thank you - "
+1
1 hr
Pompeo Lattanzi
Italy
Italy
Native in Italian
Works in field
Italy
INTELLIGENCE INSIDE
Native in: Italian 
Works in: English to Italian, Italian to English
Related KudoZ points
:
91
recurring non-performance
The Italian term conveys the idea of a recurring state. Not sure of terminology, just a descriptive attribute.
Note from asker:
| thank you Pompeo - as per my comment I used past due (which is the usual translation for this term) + the specification given in the original (number of past due instalments)- |
Discussion
But it does seem that some use 90 days+ as a definition of that term.
IMF would call that a "non-performing loan":
“A loan is nonperforming when payments of interest and principal are past due by 90 days or more, or at least 90 days of interest payments have been capitalized, refinanced or delayed by agreement, or payments are less than 90 days overdue, but there are other good reasons to doubt that payments will be made in full” (International Monetary Fund).[1]"
A non-performing loan is a loan that is in default or close to being in default. Many loans become non-performing after being in default for 90 days, but this can depend on the contract terms.
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