noun
- Plural of nonaccrual; instances or amounts of revenue, income, or interest that have not been accrued or recognized in accounting records, typically because payment is uncertain or overdue.
Usage: accounting and finance term; commonly used in banking and loan management contexts
Examples
- The bank reported significant nonaccruals on its loan portfolio due to borrower defaults.
- Nonaccruals increased during the economic downturn as customers fell behind on payments.
- The financial statement disclosed the level of nonaccruals to investors.
- Management tracks nonaccruals closely to assess credit quality.
- Nonaccruals must be properly documented and reported in regulatory filings.