bad debt

English - Turkish

Definition of bad debt in English Turkish dictionary: tahsil edilemeyen alacak; şüpheli alacak; alınamayan alacak; (Ticaret) alacak; batak para
bad debt reserve: şüpheli alacaklar karşılığı
bad debts: şüpheli alacaklar

English - English

Definition of bad debt in English English dictionary: 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; An account that is not collectable; An uncollectible account; – Occurs when someone owes you money that you cannot be collect The amount owed may be deductible when figuring your tax for the year the debt becomes worthless A debt must be genuine to be deductible as a loss A debt is genuine if it arises from a debtor-creditor relationship based on a valid and enforceable obligation to repay a fixed or determinable sum of money There are two kinds of bad debts – business bad debts and nonbusiness bad debts Back to Top; (Business Accounting Vol 1 - Chapter 25): A debt that a business will not be able to collect; An uncollectible Account Receivable (Usually accompanied by a visit from two goons named Guido and Bruno ); Makes you poor: debt for something that buys a liability that takes money out of your pocket; a debt that is unlikely to be repaid; is an open account balance or loan receivable that has proven to be uncollectible and is written off; one that is not "performing", i e the interest and principal have not been paid for a specific period See non-performing loan/asset; money that is still owed on an account and is past due; A bad debt is a sum of money that has been lent but is not likely to be repaid. The bank set aside £1.1 billion to cover bad debts from business failures. a debt that is unlikely to be paid; An account receivable that, for one reason or another, cannot be collected; income lost to a provider because of failure of patients to pay amounts owed Bad debts are distinguished from free care, which is care for which the hospital did not expect to receive full reimbursement when it provided the service Bad debts, net of recoveries, can be accounted for as deductions from revenue if, after reasonable collection efforts, it is determined that the accounts are uncollectible; Accounts Receivable balances after contractual allowances that the center is unable to collect with reasonable effort When an accounts receivable is deemed "bad" or "uncollectible" it is written off to bad debt through the booking of an Allowance for Doubtful Accounts; A debt that is written off and deemed uncollectible; A debt that is written off and deemed uncollectable; A write-off due to a default on a payment that is uncollectable from an accounting perspective, although the bad debt may in fact be collected at some point (bad debt recovery); An uncollectible account receivable; Accounts receivable that will likely remain uncollectable and will be written off also called charge off; a debt with little chance of being recovered and written off as a loss; Bad debts for income tax purposes are divided into two types: business bad debts and nonbusiness bad debts In order to get the more favorable tax treatment as a business bad debt, the taxpayer must meet the business debt requirements under the tax law; A debt that is not collectible and is therefore worthless to the creditor; unpaid debt, debt that has not been settled; Any debt that is delinquent and has been written off as uncollectible; Credit that has been extended to customers but has not been paid, and bad checks that were not paid by the bank; All or portion of an ACCOUNT, loan, or note receivable considered to be uncollectible; Open balance or loan receivable that is considered uncollectible and is written off by a firm (Reserves are usually maintained for uncollectible accounts ) The relationship of recoveries and write-offs to accounts receivable can indicate a firm's credit and charge-off policies; Money which is owed and is unlikely to be paid back
bad debt recovery: successful recovery which was written off as lost
bad debt write-off: assuming a debt cannot be recovered and trying to get a tax benefit from the loss
bad debts: plural form of bad debt
bad debts: debts which cannot be recovered