Examples of Special Mention in a sentence
Loans and advances are classified into the following categories: Pass, Special Mention, Substandard, Doubtful and Loss.
Special Mention (SM)A special mention credit is defined as having potential weaknesses that deserve management’s close attention.
Represents the loan balance for all loans in the Special Mention, Substandard, Doubtful and Loss classifications as utilized by the banking regulators.
Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities.
Criticized and classified items should be reported on a consolidated basis and include all on- and off-balance sheet items an institution or its primary federal regulator has graded Special Mention or worse (Substandard, Doubtful, or Loss).