Bad Debt Financial Glossary

What is it? Any debt that is delinquent and has been written off as uncollectible.

Finance Term Definition Added By: Sophie

The Bad Debt definition has been viewed 2865 Time(s)!

Send To Friends!

If you'd like to send the Bad Debt definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Bad Debt. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Call Option is See Option

Financial Term Payment in Arrears is Periodic payments are due at the end of each period.

Financial Term Self Assessment is Tax system introduced in April 1996 where certain individuals are responsible for working out their own tax liability and reporting to the Inland Revenue. Those affected are typically the self-employed, partners, pensioners and company directors.

Financial Term Escrow is A transaction in which a third party, acting as the agent for the buyer and seller, carries out instructions of both and assumes the responsibilities of handling all the paperwork and disbursement of funds.

Financial Term Annuity is This is a series of regular payments that you receive for the rest of your life, in exchange for a lump sum /pension fund that you have built up over your working life.