Meaning allowance for bad debt
What does allowance for bad debt mean? Below you find one meaning for the word allowance for bad debt You can also add a definition of allowance for bad debt yourself
1 |
0
0
allowance for bad debtis essentially a reduction in a bank's accounts receivable. The allowance for bad debt equals the amount of the banks loans that it does not expect to collect.
|
| << alternative asset | All or nothing >> |