Delinquent
Part of speech: adjective
Definition: Late or failing to pay a debt or other financial obligation, like a mortgage or loan. Failing in or neglectful of a duty or obligation; guilty of a misdeed or offense
Part of speech: noun
Definition: One who disobeys or breaks rules or laws. a term applied to royalists by their opponents in the English Civil War 1642 - 1645. Charles I was known as the chief delinquent.
Example sentence: Mortgage insurance stocks remained depressed through the end of 2012 amid lingering uncertainty as to whether they had sufficient capital to absorb losses on delinquent loans originated before the crisis. However, as house prices began to recover, losses started to decline.
Owed
Part of speech: verb
Definition: To be under an obligation to give something back to someone or to perform some action for someone.
Part of speech: adjective
Definition: That owes.
Example sentence: I acknowledged that I owed my presidency to People Power. I resolved during my presidency that I would in turn empower the people.