TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

NONACCRUAL STATUS [1 record]

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Filter results by subject field

Alphabetical list of terms

Record 1 1998-04-07

English

Subject field(s)
  • Loans
DEF

When a borrower is placed in nonaccrual status, accrued interest is eliminated from the financial statement receivable balances and interest income is correspondingly reduced. During the time the borrower remains in nonaccrual status, interest income is reflected in the financial statement only to the extent actually received in cash. Placing a borrower in nonaccrual status in no way affects the interest payment obligations to the borrower; interest continues to be billed on the original terms of the loan.

French

Domaine(s)
  • Prêts et emprunts

Spanish

Campo(s) temático(s)
  • Préstamos
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