Re-aging

(1). For banking institutions returning a facility in arrears but not in default to performing status without collecting the total amount of principal, interest, and fees that are contractually due. Re-Aging of accounts is an important feature of the debt consolidation process. When an account is delinquent 60 days for example, creditors look at the "age" of that delinquency as 60 days. Re-aging means the creditor will bring the account current without the 2 back payments being paid and it will also stop accumulating late fees, therefore bringing the age of the account back to current.
(2). A process by which banking institutions adjust the delinquency status of loans based on subsequent good performance, even though not all arrears under the original repayment schedule have been paid off.