Skip Account

Skip Account
A borrower who defaults on a loan and skips out on repayment by moving without providing a correct forwarding address. Skip tracers are collection agents hired by lenders to find skip accounts and collect the money owed on the account, or a promise to repay the debt in full.

In some cases, accounts can be mislabeled as a skip account. For example, when a typing error (typo) is made on an account it can be mislabeled as a skip account when the debtor is delinquent on repayment. Or an unintentional account error on the part of the debtor (moving without remembering to alert the lender of the change of address) can lead to an account being mislabeled as a skip account.


Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Skip Gilbert — Infobox Football biography playername= Skip Gilbert fullname = Francis B. Gilbert nickname = dateofbirth = cityofbirth = countryofbirth = United States height = position = Goalkeeper youthyears = 1980 1983 youthclubs = University of Vermont years …   Wikipedia

  • Health savings account — A Health Savings Account (HSA) is a tax advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP). The funds contributed to the account are not subject to federal… …   Wikipedia

  • Equestrian Sports — ▪ 2009 Introduction Thoroughbred Racing. United States.       A seemingly invincible three year old colt named Big Brown took American Thoroughbred racing by storm during the 2008 spring classic season. In the 134th Kentucky Derby on May 3, Big… …   Universalium

  • iOS version history — Contents 1 Overview 2 Versions 2.1 Unreleased versions …   Wikipedia

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • Eating clubs — The eating clubs at Princeton University are private institutions resembling both dining halls and social houses, where the majority of Princeton upperclassmen take their meals. [*cite news | first=Winnie | last=Hu | title= More Than a Meal Plan… …   Wikipedia

  • Level of support for evolution — The level of support for evolution among scientists, the public and other groups is a topic that frequently arises in the creation evolution controversy and touches on educational, religious, philosophical, scientific and political issues. The… …   Wikipedia

  • Wikipedia:Featured article candidates — Here, we determine which articles are to be featured articles (FAs). FAs exemplify Wikipedia s very best work and satisfy the FA criteria. All editors are welcome to review nominations; please see the review FAQ. Before nominating an article,… …   Wikipedia

  • Chicago 'L' — A Green Line train approaching Randolph/Wabash. Info Locale Chicago, Illinois, United States …   Wikipedia

  • TM-Sidhi program — The TM Sidhi program is a form of meditation introduced by Maharishi Mahesh Yogi in 1975. It is based on, and described as a natural extension of the Transcendental Meditation technique (TM).[1][2] The purpose of the TM Sidhi program is to… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”