bad debt
bad debt (phr)
English Definitions:
bad debt (noun)
a debt that is unlikely to be repaid
bad debt (Noun)
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.
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.
Citation
Use the citation below to add this dictionary page to your bibliography:
Style:MLAChicagoAPA
"bad debt." Kamus.net. STANDS4 LLC, 2024. Web. 14 Oct. 2024. <https://www.kamus.net/english/bad+debt>.
Discuss this bahasa indonesia bad debt translation with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In