Popular Terms
Failure to repay an obligation when due or as agreed. In consumer installment loans, missing two successive payments will normally make the account delinquent. In credit card payments, a delay of 15 to 30 days is generally allowed before declaring delinquency.

Use 'delinquency' in a Sentence

If you don't come up with the cash for a loan on time and get charged with delinquency it will have adverse affects on your credit score.
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It didn't matter how many times the credit union called him, Max seemed wholly unconcerned about the continued delinquency of his car payment.
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If you find yourself with to much delinquency you may get a bad credit rating impacting your chance of getting future loans.
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