What does bad debt mean?
Definitions for bad debt
bad debt
This dictionary definitions page includes all the possible meanings, example usage and translations of the word bad debt.
Princeton's WordNet
bad debtnoun
a debt that is unlikely to be repaid
Wiktionary
bad debtnoun
A debt which cannot be recovered from the debtor, either because the debtor doesn't have the money to pay or because the debtor cannot be found and/or forced to pay.
ChatGPT
bad debt
Bad debt refers to accounts receivable or loans that have been deemed irrecoverable by the creditor, typically because the debtor has become unable or unwilling to pay. This usually happens after all reasonable efforts to collect the debt have failed. The amount is often written off by the company as an expense, having a negative impact on the profit and loss account.
Wikidata
Bad debt
A bad debt is an amount owed to a business or individual that is written off by the creditor as a loss because the debt cannot be collected and all reasonable efforts to collect it have been exhausted. This usually occurs when the debtor has declared bankruptcy or the cost of pursuing further action in an attempt to collect the debt exceeds the debt itself. The debt is immediately written off by crediting the debtor's account, eliminating any balance remaining there. The crediting represents a loss to the creditor.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of bad debt in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of bad debt in Pythagorean Numerology is: 2
Examples of bad debt in a Sentence
The market is worried that real estate companies have a high concentration of cashflow problems, which would trigger large-scale bad debt risks in the banking system.
It makes sense for banks to lend to stronger borrowers to protect themselves from bad debt, as net interest margins will narrow.
You want to have your documentation in order so that when you write this back as a 'bad debt,' you have a paper trail.
Translations for bad debt
From our Multilingual Translation Dictionary
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"bad debt." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/bad+debt>.
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