bad debt

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Related to Bad debts: doubtful debts, Provision for Bad Debts
  • noun

Words related to bad debt

a debt that is unlikely to be repaid

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References in periodicals archive ?
The Negative Outlook reflects Fitch belief that additional bad debt write-offs could occur in the near-term and that the restoration of the balance sheet to the level of previous years will take considerable time.
Tenet recently announced that third quarter earnings will be negatively affected by greater-than-expected bad debt expense including charges for changes in bad debt accounting methodology.
As long as these payments were more than the amount received from the former spouse, but not more than the amount originally ordered by the court, taxpayers allege that they should have a bad debt deduction.
Net income was impacted by a reserve for bad debts of $44,722, which UMC established to provide for potential uncollectable receivables and/or litigation costs related to a dispute with a former customer.
Business bad debts that are completely or partially worthless are deductible as ordinary losses, while nonbusiness bad debts are short-term capital losses only when entirely worthless.
A tool provided by India's central bank to help lenders tackle bad debts can be used to hide bad debts.
NBE targets to reduce bad debts portfolio to reach to EGP 5 billion by the end of the current fiscal year 2012-2013," head of bad debts department, Yehya Abou El Foutoh, said yesterday.
Banking insiders noted that as most bad-debt claims on the block have been listed as bad debts on the books, their sales will produce benefits offsetting the loss, so long as the transaction price is higher than the price listed on the books.
THE part-nationalised Lloyds Banking Group today confirmed it returned to profit in the first three months of the year after a marked slowdown in bad debts.
com, said: "Credit card companies have been badly burnt with bad debts.
48bn yesterday but counted the costs of increased bad debts in its US mortgages operation.
1933), addressed the specific charge-off requirement and noted that Congressional intent was to allow a deduction for business bad debts in the year in which ascertained worthless, provided there was "some specific act of the taxpayer clearly indicating their abandonment as assets.