The term 'delinquent' refers to a financial obligation that is payable but overdue and yet unpaid. It can apply to various forms of payments, such as credit card bills, mortgage payments, and taxes. Delinquent accounts can lead to penalties and interest charges and might affect the credit score of the individual or entity responsible for the payment.
The minimum payment is the smallest amount that a consumer must pay on a revolving charge account to keep the account in good standing. Failure to make this payment can lead to late fees and eventual loss of credit privileges.
Overcapitalization arises when a company has more capital than it can efficiently use in its operations, often leading to financial inefficiencies such as excessive interest charges or diluted dividends.
An in-depth explanation of Personal Interest Expense, how it differs from business interest expenses, examples, FAQs, related terms, and additional resources.
A periodic payment, usually paid monthly, that includes the interest charges for the period plus an amount applied to amortization of the principal balance; commonly used with amortizing loans.
