Arrears Payment History

From Open Risk Manual

Definition

Arrears Payment History. Historical information about payment of arrears by the entity.

Note that refers to all arrears payments generally for the person / organization, not just to arrears on a specific loan. when referred to in assessment for a given loan, this would refer to arrears on other loans in the past. Note that there is some possible interest in whether these arrears are in the past 6 months or more than 6 months ago. This may be an articifial or context-specific cut-off.

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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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