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term:
Delinquency
delinquency n
pl: -cies
1 a : the quality or state of being delinquent
b : juvenile delinquency [contributing to the of a minor]
2 : a debt on which payment is overdue [consumer loan delinquencies]
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.