23:16 Feb 16, 2020 |
Portuguese to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Mark Robertson Local time: 13:36 | ||||||
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3 +3 | nonperforming loan |
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nonperforming loan Explanation: Nonperforming Loan (NPL) By TROY SEGAL Updated Feb 13, 2020 What Is a Nonperforming Loan? A nonperforming loan (NPL) is a loan in which the borrower is in default due to the fact that they have not made the scheduled payments for a specified period. Although the exact elements of nonperforming status can vary depending on the specific loan's terms, "no payment" is usually defined as zero payments of either principal or interest. The specified period also varies, depending on the industry and the type of loan. Generally, however, the period is 90 days or 180 days. https://www.investopedia.com/terms/n/nonperformingloan.asp |
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