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Nonperforming asset

A Loan or Lease that is not meeting ITS stated Principal and Interest payments. Banks usually classify as nonperforming assets any commercial loans which are more than 90 days overdue and any Consumer loans which are more than 180 days overdue. More generally, an Asset which is not producing income.

Related Terms: 12 Asset, Class, Consumer, Interest, Inc., ITS, Loan, Lease, Merc, Nonperforming asset, Principal, Rally
Other Related Pages: Category: Lending_and_Credit Starting With: N
Semi Related Terms: 510 CLICK HERE TO VIEW
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