delinquent payment

USAGE SUMMARY

"delinquent payment" is a perfectly acceptable phrase in written English.
You can use it to describe any payment that is overdue or past due. For example, "The customer's delinquent payment caused the company to incur additional fees."

✓ Grammatically correct

News & Media

Wiki

Human-verified examples from authoritative sources

Exact Expressions

7 human-written examples

Not only will the I.R.S. charge you interest for your delinquent payment, it will charge you penalties that could have been avoided by filing for an extension.

The New York Times

Mr. Moinian quickly made good on the delinquent payment and has pledged to keep current on future payments, but his difficulties demonstrate that the troubles that have already begun to afflict the commercial real estate industry will be widespread and not limited to high-profile deals.

The New York Times

"As of [Monday], the datacenter pulled the power on the equipment due to delinquent payment.

TechCrunch

I'm going to ride these wAses of hopefulness for an amostble resolution for Americans thavelessake me, buthance we've reached "fuck you, pay me," I'll be ready to direct my itch and energy for scraps with white supremacists to whatever entity is standing between me and what's mine.

Vice

As most Americans have less than $1,000 in their savings account, a delinquent payment can absolutely devastate a freelancer who may be working constantly and just getting by, unsure of when money owed to them will arrive.

Vice

Late charge penalties are the amount that will be charged in late fees for a late or delinquent payment on account.

WikiHow

Human-verified similar examples from authoritative sources

Similar Expressions

46 human-written examples

But Bank of America has continued to report delinquent payments to credit-score agencies, like Equifax.

The New York Times

In 2014, federal agents started rounding up Bundy's cattle, to account for his delinquent payments.

The Guardian

Mr. Fields now owes almost $30,000 in delinquent payments and has fallen out with his half brother.

The New York Times

– Ashwin Seshagiri Velti's Layoffs, Departures and Delinquent Payments VentureBeat |  Velti, a mobile advertising company, is losing out as Facebook learns the game.

The New York Times

Collecting delinquent payments from credit-card customers is one example, sorting out computer snags is another; expert "knowledge services", which require specialists (with the help of a database).

The Economist

Expert writing Tips

Best practice

When discussing financial obligations, clearly specify the period the "delinquent payment" refers to, for example, "the delinquent payment for July".

Common error

Avoid using "delinquent payment" when the situation has escalated to a "default". "Delinquency" refers to a temporary state of being behind, while "default" implies a more permanent inability or unwillingness to pay.

Linguistic Context

The phrase "delinquent payment" functions primarily as a noun phrase, where "delinquent" acts as an adjective modifying the noun "payment". It describes the state of a payment that is overdue or late. Ludwig AI confirms this is acceptable in written english.

Expression frequency: Uncommon

Frequent in

News & Media

60%

Wiki

20%

Formal & Business

10%

Less common in

Science

5%

Encyclopedias

3%

Reference

2%

Ludwig's WRAP-UP

In summary, "delinquent payment" is a valid phrase used to describe an overdue payment. Ludwig AI confirms its acceptability in written English. While grammatically straightforward, it's important to use it accurately, distinguishing it from terms like "default". The phrase appears most frequently in news and media sources, as well as in financial discussions. Remember to clearly specify the timeframe associated with the "delinquent payment" for clarity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

overdue payment

Focuses on the lateness of the payment.

late payment

A more common and simpler way to say a payment is not on time.

past-due payment

Another way to state the payment is late.

missed payment

Emphasizes the act of failing to make the payment.

outstanding balance

Highlights the unpaid amount rather than the lateness.

payment default

Implies a more serious situation where the payment is unlikely to be made.

defaulted payment

Highlights that the payment has gone into default.

unpaid invoice

Specifically refers to an invoice that has not been paid.

arrears

Refers to the state of being behind in payments.

unsettled debt

Emphasizes that the debt remains unpaid.

FAQs

What does "delinquent payment" mean?

A "delinquent payment" refers to a payment that is overdue or past its due date. It indicates that the borrower has failed to make the required payment on time.

What are some synonyms for "delinquent payment"?

Some synonyms for "delinquent payment" include "overdue payment", "late payment", and "missed payment".

How does a "delinquent payment" affect my credit score?

A "delinquent payment" can negatively affect your credit score, especially if it's reported to credit bureaus. The impact depends on factors like the severity and frequency of the delinquency.

What should I do if I have a "delinquent payment"?

If you have a "delinquent payment", contact the creditor immediately to discuss potential solutions, such as a payment plan or hardship program. Addressing it promptly can minimize the negative impact on your credit.