TeachMeFinance.com - explain past due loan
past due loan -- a loan on which payment in full is 30 to 60 days past due, but partial payments are being made. See delinquent loan and nonaccruing loan.
delinquent loan -- a loan that is 30 to 60 days past due with no payments being made. See past due loans and nonaccruing loans.
nonaccruing loan -- a loan that is more than 60 days past due with no payments being made, and that has stopped accruing interest. See delinquent loan and past due loan.
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