Meaning & use
delinquent credit
Last updated
Meaning
noununcountablefinancebusiness
Credit that is overdue or in default; a loan or debt not paid on time.
Grammar: Usually uncountable; can be modified by 'a' when referring to a specific instance: 'a delinquent credit'.
Patterns
- delinquent credit account
- delinquent credit card
The bank has a department that handles delinquent credit.
She was worried about her delinquent credit card payments.
Common combinations
- delinquent credit card
- He had a delinquent credit card that he needed to pay off.
- delinquent credit account
- The delinquent credit account was sent to collections.
- delinquent credit payments
- Late fees apply to delinquent credit payments.
Synonyms and how they differ
- overdue debt
- More general; delinquent credit is specific to credit arrangements.
- defaulted loan
- Implies a more serious stage; delinquent credit may just be late, not yet in default.
Opposites
Word family
- delinquency noun
- The state of being delinquent; failure to pay on time.
- delinquent adjective
- Describing credit or a person that is overdue or failing in duty.
Commonly confused: delinquent credit or delinquent?
delinquent credit vs delinquent
As a noun, it means a person who commits minor crimes; 'delinquent credit' is a financial term.
Practice
The borrower's account was flagged as _____ after three missed payments.
Choose one answer.
Delinquent credit refers to overdue payments. 'Delicious' is about taste, 'deliberate' means intentional, and 'delivered' means brought.
Make it your own
Write a sentence using “delinquent credit”, then check it and compare it with the examples above.