The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

NON-ACCRUAL LOAN Definition & Legal Meaning

Definition & Citations:

A loan that is considered to be nonperforming due to nonpayment of interest or the uncertainty regarding the collection of principal. For example, nonpayment of interest for 90 days deems that the loan be put on a cash basis. Loans with sufficient collateral are exemptions to this requirement.


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