bad debt
noun1
Accounting, Business, Finance A debt which cannot be recovered from the debtor, either because the debtor lacks the money to pay or because the debtor cannot be found and/or forced to pay.
- The firm’s researchers also went through the public accounts of nearly all the major financial institutions in the world and constructed estimates of how much money they stood to lose from bad debts.2011 July 18, John Cassidy, “Mastering the Machine”, in The New Yorker, →ISSN:
- Related terms
- non-performing loan, uncollectible