re-aging

re-aging definition - business

re-aging

A lender's increasing the term of a loan agreement when the borrower has missed one or more payments. Re-aging changes the account from “delinquent" to “current" at the same time it leaves unchanged the principal amount owed. Re-aging of a significant number of customer loans can make the firm's loan portfolio appear of higher quality than it actually is.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.