uncollectible debt
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uncollectible — adjective not capable of being collected a bad (or uncollectible) debt • Syn: ↑bad • Similar to: ↑invalid * * * I. “+ adjective : not capable of being collected an uncolle … Useful english dictionary
uncollectible — /un keuh lek teuh beuhl/, adj. 1. that cannot be collected: an uncollectible debt. n. 2. something, as a financial obligation, that cannot be collected: an increase in the company s uncollectibles. Also, uncollectable. [UN 1 + COLLECT1 + IBLE] *… … Universalium
debt — A sum of money due by certain and express agreement. A specified sum of money owing to one person from another, including not only obligation of debtor to pay but right of creditor to receive and enforce payment. State v. Ducey, 25 Ohio App.2d 50 … Black's law dictionary
debt — A sum of money due by certain and express agreement. A specified sum of money owing to one person from another, including not only obligation of debtor to pay but right of creditor to receive and enforce payment. State v. Ducey, 25 Ohio App.2d 50 … Black's law dictionary
uncollectible — Synonyms and related words: accounts payable, accounts receivable, amount due, bad debt, bad debts, bill, bills, borrowing, charges, chits, debt, default, defection, delinquence, delinquency, dishonor, dishonoring, due, dues, financial commitment … Moby Thesaurus
bad debt — see debt Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bad debt I … Law dictionary
bad debt — An uncollectible debt. A debt which may be deducted from gross income in determining income subject to tax. Anno: 39 ALR2d 898. A debt which is worthless because, in the exercise of sound business judgment, there is no likelihood of recovery… … Ballentine's law dictionary
Bad debt — A bad debt is an amount that is written off by the business as a loss to the business and classified as an expense because the debt owed to the business is unable to be collected, and all reasonable efforts have been exhausted to collect the… … Wikipedia
bad debt — A debt that is written off and deemed uncollectible ( uncollectible account). Bloomberg Financial Dictionary * * * bad debt bad debt ➔ debt * * * When a business recognizes that a debt is unlikely to be repaid, the debt is written off as an… … Financial and business terms
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
