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delinquent account

 

Definitions from the Web

Delinquent Account

Definition:

A delinquent account refers to an account that has not been paid on time or has not met the required payment terms.

Examples:

Part of Speech: Noun

  • The company's financial statements showed a significant increase in delinquent accounts.
  • He wanted to clear his delinquent account before applying for a loan.

Part of Speech: Adjective

  • She received a notice stating that her account was marked as delinquent.
  • Due to non-payment, the account became delinquent, leading to additional fees.

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