What is the definition of Performing loan? | Dictionary.net

PERFORMING LOAN

\pəfˈɔːmɪŋ lˈə͡ʊn], \pəfˈɔːmɪŋ lˈə‍ʊn], \p_ə_f_ˈɔː_m_ɪ_ŋ l_ˈəʊ_n]\

Definitions of PERFORMING LOAN

1910 - Black's Law Dictionary (2nd edition)

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When the interest payments and principal are less than 90 days past the date on which they should have been paid, it is known as a performing loan.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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