delinquent - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “delinquent”

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delinquent

adjective
 
 
/dɪˈlɪŋkwənt/ US FINANCE, TAX
not paid or paid back as should have been done: delinquent accounts/payments/taxes/loans. Another 6% of mortgages were delinquent but not yet in foreclosure.
not paying, or paying back, money as agreed: delinquent borrowers/customers/taxpayersdelinquent in (doing) sth The Dallas Morning News identified multiple contractors who were delinquent in paying their taxes. 42% of callers are at least three months delinquent on mortgage payments.
(Definition of delinquent from the Cambridge Business English Dictionary © Cambridge University Press)
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