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Delinquency (Noun)

Classification

Nouns denoting possession and transfer of possession.

Examples

The company's delinquency on the loan payments led to a significant increase in interest rates.
The credit report showed a history of delinquency, making it difficult for her to secure a new loan.
After several months of delinquency, the bank initiated foreclosure proceedings on the property.
The borrower's delinquency on the mortgage payments resulted in a substantial loss for the lender.
The delinquency rate on credit card debt had been steadily increasing over the past year, causing concern among financial analysts.

A tendency to be negligent and uncaring; "he inherited his delinquency from his father"; "his derelictions were not really intended as crimes"; "his adolescent protest consisted of willful neglect of all his responsibilities".