A loan or lease that is not meeting its stated principal and interest payments. Banks usually classify as nonperforming assets any commercial loans which are more than 90 days overdue and any consumer loans which are more than 180 days overdue. More generally, an asset which is not producing income.
Related information about nonperforming asset:
- Nonperforming Asset Definition | Investopedia
... lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.
- Non-performing asset - Wikipedia, the free encyclopedia
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- What is nonperforming asset? definition and meaning
Definition of nonperforming asset: A loan or lease that is not meeting its stated principal and interest payments. Banks usually classify as nonperforming assets ...
- Nonperforming Asset - Financial Dictionary - The Free Dictionary
Wikipedia encyclopedia ? Nonperforming Asset. 0.01 sec. Nonperforming asset. An asset that is not effectively producing income, such as an overdue loan.
- Nonperforming Asset Law & Legal Definition
An asset not producing income is a non performing asset. A loan not paying principal and interest according to the original terms of the borrower's loan ...
- nonperforming asset Definition | Business Dictionaries from ...
nonperforming asset. asset not effectual in the production of income. In banking, commercial loans 90 days past due and consumer loans 180 days past due are ...
- What Is a Nonperforming Asset?
When a financial institution, including a bank, fails to make money on a product, property, or loan, that item becomes a nonperforming asset. Economic ...
- Nonperforming Asset: Definition from Answers.com
Nonperforming Asset Loan that is not paying principal and interest according to the original terms of the borrower's loan agreement, plus loans and leases.