nonaccrual
/ˌnɑnəˈkruəl/
adjective
- Relating to a financial asset (such as a loan) on which interest payments are not being made or are not expected to be made, usually because the borrower is in financial trouble.
- The accountant reviewed the list of nonaccrual accounts to estimate potential losses.
- Nonaccrual assets can hurt a bank's reported earnings.
- The bank moved the loan to nonaccrual status after the company missed three payments.
Synonyms
Antonyms
noun
- A financial asset, such as a loan or bond, that is not currently earning interest because the borrower has stopped paying.
- The bank's nonaccruals increased sharply during the recession.
- The auditor flagged several nonaccruals that needed to be written off.
- Investors worry when a company has a high number of nonaccruals on its books.