n. an uncollectible debt. The problem is to determine when a debt...

A debt that is written off and deemed uncollectible.

When a business recognizes that a debt is unlikely to be repaid. It is written off as an expense in the profit and loss account.

A debt that can't be collected. A business that is owed a bad debt may deduct it from ordinary income. A lender who made a personal loan that has become a bad debt may deduct it as a short-term c [..]

Definition Accounts receivable that will likely remain uncollectable and will be written off. Bad debts appear as an expense on the company's income statement, thus reducing net income. In genera [..]

is a term that falls on both sides of the spectrum, for lenders and for borrowers. In general it is a debt that either cannot be collected in the full amount or cannot be paid off in the full amount d [..]

see debt

A debt that is not collectible and is therefore worthless to the creditor.

A debt that is not collectible and is therefore worthless to the creditor. .

This is a debt that is not likely to be repaid. These are usually treated as losses and written off against a reserve for this type of debt.

A facility that protects your business against a possible bad debt.

Bad debt refers to funds owed to a creditor that aren't collectible. Debts are only classified as bad debt after all avenues of collection have been exhausted. From a business/balance sheet persp [..]

is the portion of a loan or portfolio of loans a lender considers to be uncollectable. In personal finance, bad debt generally refers to high-interest consumer debt.

Also known as a write off.  This happens when a debt is recognized as not being payable, and is written off as an expense and placed in the profit and loss account.

A non-performing loan i.e. a loan which is not repaid. To absorb losses arising from bad debts over a period of time, banks usually set aside provision out of their profits.

It is known that a credit customer (debtor) is unable to pay the amount due.

A debt which will not be paid, and must be written off as a loss in the accounts.

It is known that a debtor is unable to pay the amount due.

When a debtor can't pay what they owe.

Money owed to a company which is not recoverable and therefore written off as a loss.

n. an uncollectible debt. The problem is to determine when a debt is realistically dead, which means there must be some evidence of uncollectibility or a lengthy passage of time. Discharge in bankrupt [..]

It is known that a credit customer (debtor

A debt that is written off and deemed uncollectible.