An obligation of debt where the borrow is not paying back any part of the loan or interest. Thus, it is an asset or type of income that is not yielding any money at all and is not performing in any way.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser