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Simple English definitions for legal terms

nonperforming loan

Read a random definition: Standing

A quick definition of nonperforming loan:

A nonperforming loan is a loan that someone borrowed but is not paying back. It's like if you borrowed money from a friend but never gave it back. This can be a problem for the lender because they are not getting their money back.

A more thorough explanation:

Definition: A nonperforming loan is an outstanding loan that is not being repaid.

Example: If a borrower fails to make payments on their mortgage, the loan becomes nonperforming. The lender may then take legal action to recover the debt or repossess the property.

This example illustrates how a nonperforming loan can lead to financial losses for the lender and legal consequences for the borrower. It is important for borrowers to make timely payments on their loans to avoid default and for lenders to monitor their loan portfolios to minimize nonperforming loans.

nonperformance | nonpersonal action

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

Quillinit

11:57

ah you filed retro W's from classes in UG?

KnowledgeableRitzyWasp

11:57

yes

Quillinit

11:58

ah okay, sorry homie that's rough

KnowledgeableRitzyWasp

11:58

it's fine i got into one of my top choices so im really happy

Quillinit

11:58

<3 happy for you

KnowledgeableRitzyWasp

11:58

<3

letsseehowitgoesnow

11:59

getting into cornell is hugeee

KnowledgeableRitzyWasp

11:59

ayyyyy

Quillinit

11:59

^^^^^ would love to get into Cornell lmao

Quillinit

11:59

or anywhere!

KnowledgeableRitzyWasp

12:00

you got it, believeeee

[] baddestbunny

12:06

@letsseehowitgoesnow: you okay?

moodenghippo

12:08

@ KnowledgeableRitzyWasp did u withdraw frm all your classes for two years or just a few? i have 2 W's

[] baddestbunny

12:23

listening to the front bottoms at the gym again ist es over fur mich?

UnsuitableMaliciousHedgehog

12:27

My wife and I saw TFB with manchester orchestra the night before thanksgiving a few years back and it was pretty damn choice

shaquilleoatmeal

12:27

yoo lets dawg what happened, you good?

[] baddestbunny

12:28

breakup

[] baddestbunny

12:28

happens to the best of us

[] baddestbunny

12:28

@UnsuitableMaliciousHedgehog: that’s so fucking sick

letsseehowitgoesnow

12:29

rough night and morning with ex :/. we broke up but we live together

shaquilleoatmeal

12:29

damn ;/ it is break up season dawg, i'm sorry you're going through that

[] baddestbunny

12:29

it really is breakup season

shaquilleoatmeal

12:29

i lived with my ex for 3 months after we broke up and it was brutal. If you can move out quicker rather than later

letsseehowitgoesnow

12:29

thanks shaq! i just needed some input from people who are looking from the outside in

letsseehowitgoesnow

12:30

im gonna pack up my stuff and leave for a few days when i get off work

[] baddestbunny

12:31

sometimes I think about things my ex said and did to me and a year later it still makes me so sad that I ever let myself be treated that way

shaquilleoatmeal

12:32

yee bud clear your head how you need, shit sometimes even just driving with no destination and some sad ass music can get you through this

shaquilleoatmeal

12:32

you grow through what you go through bunny, you know for the next relationship what you deserve

letsseehowitgoesnow

12:34

I want to run you guys through a scenario to see what yall think. Go to off topic for the one time lol

[] baddestbunny

12:34

gotchu

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