Bad Debt

Business / Finance / Bad Debt: A debt that is written off and deemed uncollectible.

Other Words for Bad

Bad Adjective Synonyms: poor, wretched, inferior, defective, awful, worthless, miserable, egregious, execrable, substandard, unsatisfactory, disappointing, inadequate, non-standard, lousy, rotten, crummy, grotty, naff
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Other Words for Debt

Debt Adjective Synonyms: obligation, due, indebtedness, liability, responsibility, accountability, encumbrance
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Bad Debts Account

Business / Accounting / Bad Debts Account: An account in the nominal ledger to record the value of un-recoverable debts from customers. Real bad debts or those that are likely to happen can be deducted as expenses against tax liability (provid MORE

Bad Debts Reserve Account

Business / Accounting / Bad Debts Reserve Account: An account used to record an estimate of bad debts for the year (usually as a percentage of sales). This cannot be deducted as an expense against tax liability. MORE

Long-Term Debt

Business / Finance / Long-Term Debt: Total of all debt due after one year including bonds at face value. MORE

Long Term Debt

Business / Loan / Long Term Debt: Financing used to purchase or improve assets such as plant, facilities, large equipment and real estate. MORE

Junior Debt (Subordinate Debt)

Business / Finance / Junior Debt (Subordinate Debt): Debt whose holders have a claim on the firm's assets only after senior debtholder's claims have been satisfied. Subordinated debt. MORE

Level Debt Service

Business / Finance / Level Debt Service: A municipal charter provision that debt payments must be relatively equal from year to year so that required revenue projections are easier. MORE

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