Bad Debt Recovery(redirected from Bad Debt Recoveries)
Bad Debt Recovery
Partial or whole payment of a debt previously thought to be uncollectible. For example, if a credit card has been written off but then the credit card company receives a payment, this is considered bad debt recovery. This reduces a company's accounts receivable and generally increases income. Bad debt recovery may come from the receipt of a regular payment or from some other source, such as the sale of a loan's collateral.
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