delinquent

Examples of delinquent in the following topics:

• Striking Agreements to Avoid Bankruptcy

  • Debt restructuring is a process that allows a company or individual in financial distress to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and continue its operations.

• Managing Collections

  • It should use credit applications to weed out bad customers, and include a clause in the credit application that states all collection costs are reimbursed by the customer on delinquent accounts.

• Days Sales Outstanding

  • A better way to measure the performance of credit and collection function is by looking at the total overdue balance in proportion of the total accounts receivable balance (total AR = Current + Overdue), which is sometimes calculated using the days' delinquent sales outstanding (DDSO) formula.