offset bad debts

offset bad debts
index redeem (satisfy debts)

Burton's Legal Thesaurus. . 2006

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  • allowance for bad debts — A reduction in the value of *accounts receivable. One or more *general ledger accounts are used to record allowances for bad debts, which represent the value of accounts receivable whose ultimate collection is in doubt. The allowance may be for… …   Auditor's dictionary

  • bad debt reserve — In accounting, a reserve set aside for losses on uncollectible accounts and notes receivable. An account for bad debts is offset by a reserve for bad debts. When accounts become uncollectible they are written off against the reserve. For tax… …   Black's law dictionary

  • redeem — re·deem /ri dēm/ vt 1 a: repurchase b: to repurchase by right and not on the open market redeem preferred shares 2 a: to free from a lien or pledge usu. by payment of the amount secured thereby …   Law dictionary

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