NPFO
NPFO stands for "Non-Performing Financial Obligation." It is a term used in finance and accounting to describe a debt or financial instrument that is not generating the expected income or returns for the lender or investor. This typically occurs when the borrower or issuer of the obligation fails to make timely payments of principal or interest.
Non-performing financial obligations can arise in various forms, including loans, bonds, mortgages, and other forms of
The classification of a financial obligation as non-performing usually follows specific criteria set by regulatory bodies.