NON-PERFORMING ASSET Definition

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NON-PERFORMING ASSET is an asset not effectual in the production of income. For example, in banking, commercial loans 90 days past due and consumer loans 180 days past due are classified as non-performing.

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UNBILLED REVENUE is revenue which had been recognized but which had not been billed to the purchaser(s).

QUOTE is to name the price of an asset or service, e.g. stock price or investment.

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