What is the definition of Past due loan? | Dictionary.net

PAST DUE LOAN

\pˈast djˈuː lˈə͡ʊn], \pˈast djˈuː lˈə‍ʊn], \p_ˈa_s_t d_j_ˈuː l_ˈəʊ_n]\

Definitions of PAST DUE LOAN

1910 - Black's Law Dictionary (2nd edition)

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A loan which has passed its due date. Usually, it is referred to as a 'past due loan' when payments fall behind for over a couple of months, regardless of the fact whether partial reimbursement has been given or not.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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