non-performing asset

non-performing asset definition - finance
A judgment that is made by banks when they havenÂ’t received a payment on one of their bank loans within the last 90 days. However, each financial institution has its own criteria for judging when an asset is non-performing.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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