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Bad Debt

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.01 sec.
Bad debt
A debt that is written off and deemed uncollectible.
Bad Debt
Debt from a credit sale that the creditor is unable to collect. Debt becomes bad debt when the creditor has made all reasonable efforts to collect the debt but has been unable to do so. Often, this occurs when the debtor declares bankruptcy or when pursuing collection attempts further will cost more than the debt itself. A company writes off bad debt as an expense, which reduces its taxable income. However, it also deprives the company of cash flow that is ultimately necessary to keep it in business.
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Severn said it had "worked hard" to hold bad debt levels at 2.
Bad debt controls boost firm's profits; COMPANIES TODAY: UTILITIES by The Journal (Newcastle, England)
Bad debts affect small businesses more than large businesses Large businesses have the buffer to survive bad debts while small businesses do not Bad debts affect small businesses more than large businesses.
Collection Services - A Blessing for Small Businesses and a Crucial ... by Daljeet Sidhu / Business community
Third-quarter figures from the UK's two top banks yesterday revealed a hike in underlying profits so far this year thanks to strong investment banking performances and an improving picture for bad debt charges.
Bank debt woes ease as loan losses fall; Barclays and HSBC stay upbeat by Daily Post (Liverpool, England)
 
 
 
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