Classified loan

classified loan
Definition 1.
A loan that is criticized by bank examiners as being substandard after being approved.

CLASSIFIED LOAN - a loan that is not being repaid on time and has been designated a troubled asset. See...
CLASSIFIED PROPERTY TAX - A local government's levy on real estate that varies depending on the use of ...

classified loan A loan that is criticized by bank examiners as being substandard after being approved. classified stock The separation of a firm's common stock into multiple classes, such as Class... clean Free of debt.

Such assets fail to meet acceptable credit standards, and totals of classified loans are reported separately in bank call reports.

See also: Bank examiner, Acquisitions, Personal finance, Expense, Career