Business Definition for: Risk of Late Payment
Risk of Late Payment
Risk of Late Payment is an element in the Credit eValuator Plus and SelfMonitor Reports which predicts the risk that a company will pay on time versus the risk of other companies in the same industry. The risk dial () shows the potential risk of late or delinquent payment. The dial - from lower risk to higher risk - shows the risk that a company will pay in a severely delinquent manner (90+ days past terms) relative to other businesses in the D&B database. Higher risk (red) indicates that a company is more likely to pay severely beyond terms, and lower risk (green) indicates that a company has a low likelihood of paying in a severely delinquent manner. The rating is based on a number of credit factors determined by D&B's sophisticated analytical.