nonaccrual
noun as in strong fondness
Word Combinations
Example:The bank placed the defaulted loan on nonaccrual accounts, stopping the recognition of interest income.
Definition:Accounting entries for assets or loans in a nonaccrual state, where no interest is being recognized.
From nonaccrual accounts
Example:When a borrower falls more than 90 days delinquent, the loan is placed on nonaccrual status.
Definition:The condition of a loan or other financial asset that is no longer accruing interest due to delinquency.
From nonaccrual status
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