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Investments glossary

Nonaccrual Loan Definition


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Quotes of the day:

Doctors pour drugs of which they know little, to cure diseases of which they know less, into patients of whom they know nothing.

— Moliere

A nonaccrual loan is a lender’s term for an unsecured loan whose payment is 90 days or more overdue. The loan is no longer generating its stated interest rate because no payment has been made by the borrower. It is, therefore, a nonperforming loan.


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