0
Messier42 Posted 13 years ago
Vocabulary
What's the defference between "deliquency rate" and "default rate"
In terms of a financial term, is there a difference between them?
Top answer
In simplest terms: Delinquency means that payment is late. ) Default means you will never be paid. )
- In simplest terms: Delinquency means that payment is late.
- ) Default means you will never be paid.
- )
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
2 Answers
0
In simplest terms:
Delinquency means that payment is late. (They are not making their loan payments on time.)
Default means you will never be paid. (They have given up trying to pay off the loan.)
Delinquency means that payment is late. (They are not making their loan payments on time.)
Default means you will never be paid. (They have given up trying to pay off the loan.)
00
Related Questions