bad debt

bad debt
A debt which cannot be recovered from the debtor, either because the debtor doesnt have the money to pay or because the debtor cannot be found and/or forced to pay.

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  • bad debt — see debt Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bad debt I …   Law dictionary

  • bad debt — bad debts N COUNT A bad debt is a sum of money that has been lent but is not likely to be repaid. The bank set aside ₤1.1 billion to cover bad debts from business failures …   English dictionary

  • bad debt — n a debt that is unlikely to be paid …   Dictionary of contemporary English

  • bad debt — ► NOUN ▪ a debt that cannot be recovered …   English terms dictionary

  • bad debt — noun count money that someone owes but will never pay …   Usage of the words and phrases in modern English

  • Bad debt — A bad debt is an amount that is written off by the business as a loss to the business and classified as an expense because the debt owed to the business is unable to be collected, and all reasonable efforts have been exhausted to collect the… …   Wikipedia

  • bad debt — noun a debt that is unlikely to be repaid • Hypernyms: ↑debt * * * bad debt noun A debt that cannot be recovered and is therefore written off as a loss • • • Main Entry: ↑bad bad debt A debt of which there is no prospect of payment • • • Main… …   Useful english dictionary

  • bad debt — A debt that is written off and deemed uncollectible ( uncollectible account). Bloomberg Financial Dictionary * * * bad debt bad debt ➔ debt * * *    When a business recognizes that a debt is unlikely to be repaid, the debt is written off as an… …   Financial and business terms

  • Bad Debt — A debt that is not collectible and therefore worthless to the creditor. This occurs after all attempts are made to collect on the debt. Bad debt is usually a product of the debtor going into bankruptcy or where the additional cost of pursuing the …   Investment dictionary

  • bad debt — An uncollectible debt. A debt which may be deducted from gross income in determining income subject to tax. Anno: 39 ALR2d 898. A debt which is worthless because, in the exercise of sound business judgment, there is no likelihood of recovery… …   Ballentine's law dictionary

  • bad debt — UK / US noun [countable] Word forms bad debt : singular bad debt plural bad debts business money that someone owes but will never pay …   English dictionary

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