Delinquent Debt Law and Legal Definition

According to 22 CFR 34.4 [Title 22. Foreign Relations; Chapter I -- Department of State; Subchapter D. Claims and Stolen Property; Part 34. Debt Collection; Subpart A. General Provisions] the term delinquent debt means “a debt that has not been paid by the date specified in a state's written notification or applicable contractual agreement, unless other satisfactory arrangements have been made by that date, or that has not been paid in accordance with a payment agreement with the state.”