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English definition of “delinquency”

delinquency

noun (LATE PAYMENT)    /dɪˈlɪŋ.kwən.si/ US
a situation in which borrowed money is not paid back as agreed: The consumer loan delinquency rate has increased 33 percent.FailuresAccidents and disastersHigher and lower points of achievement
(Definition of delinquency noun (LATE PAYMENT) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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