Definition of Delinquency
Delinquency
de·lin·quen·cy
Definition/Meaning
(noun)
Failure to fulfill an obligation or duty, especially financial.
e.g. The company's delinquency in paying taxes led to severe penalties.
(noun)
the action of neglecting some duty or obligation;
e.g. They complained of their coworker's delinquency and refusal to contribute to the project.
(noun)
the state of having debts whose payments are overdue, or the failure to repay a debt;
e.g. He was taken to court for delinquency, because he failed to repay the bank.
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