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Glite Dictionary
🧑‍⚖️ Minor crime 💸 Unpaid debt 😴 Neglect of duty
delinquency

delinquency

7 6.8
Failure to pay money owed for a loan or credit card by the due date
  • noun
  • /dɪˈlɪŋkwənsi/
  • Specialized
translation icon : mora
  • Timely payments can prevent delinquency from negatively affecting your credit score.
  • borrower delinquency
  • financial delinquency
  • credit card payment delinquency

Debt and and delinquencies are higher now than where they were before COVID.

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Examples

  • The house was repossessed for tax payment delinquency.

    House of Sand and Fog (2003)

  • Well, what they're saying is credit card delinquencies are rising fast.

  • - A case of simple loan delinquency.

    Twins (1988)

  • However, the strongest relationship to feeling in financial trouble was with the financial delinquency measure.

    Academic text (2013)

  • "Your credit rating is dropping, you know, as your delinquency increases.

    Fiction book (2000)

  • You were in default when we sent you delinquency notices.

    DodgeBall: A True Underdog Story (2004)

  • A factor contributing to reducing the numbers is the prevention of delinquency through school programs.

    Academic text (2013)

  • It's easy to see that delinquencies and default rates are on the rise right now.

    The Big Short (2015)

  • The alarm bells are now ringing for the Federal Housing Administration, with delinquencies increasing.

    Blog text (11)

  • The national mortgage delinquency rate fell further in Q3 2012 to 5.41 percent, TransUnion reported Tuesday.

    Blog text (32)

Synonyms

default
vsdelinquency
  • Specialized
74 5.2

Failure to pay money you owe on a loan

focuses on the specific case of a payment missed at its due time
nonpayment
vsdelinquency
3 4.1

Someone does not pay money they owe

refers specifically to missing a payment by its scheduled due date
arrearage
vsdelinquency
  • Specialized
1 9.6

Money you owe because a payment is late

highlights the missed payment action rather than the owed sum or state

Antonyms

payment
805 1.0

Money given for goods, services, or to settle a debt

Compounds

juvenile delinquency
4 4.9

Behavior by young people that breaks the law

How Overdue

default
  • Specialized
74 5.2
in arrears
  • Formal
4 7.4
delinquency
  • Specialized
7 6.8

Surface Forms

delinquency singular
delinquencies plural

Morphology

delinquency = delinquent (transparent) = delinquent + y

A straightforward nominalization from the adjective 'delinquent' meaning the state or condition of being delinquent, commonly used for overdue payments.

Etymology

Delinquency comes from Latin parts de- ('away from') and linquere ('to leave'), the same root you can see in relinquish ('to give up'). So a financial delinquency is like 'leaving' a bill unpaid past its due date.