10 Questions
The loan is considered ______ if the payment is made on February 2.
delinquent
If the loan agreement allows a grace period of 15 days from the due date, the ______ date is February 16, 2024.
delinquency
When counting business days, ______ and regular holidays are excluded.
Saturday
One of the regular holidays in the Philippines is ______ Day, celebrated on June 12.
Independence
______ Day is celebrated on December 30 in the Philippines.
Rizal
Delinquency occurs when a loan payment is one day ______.
late
Delinquency date is the ______ date.
due
Loans in ______ is used synonymously with the term delinquent loans.
arrears
Poor ______ selection is an internal cause of delinquency.
client
Calamities and natural ______ are external causes of delinquency.
disasters
Learn about loan delinquency, which refers to the situation when loan payments are past due. Explore the concept of delinquent loans and how delinquency occurs when a payment is late.
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