bad debts
Money advanced or trade credit given which will not be repaid. Most businesses make provisions in their accounts for bad debts which are written off against income.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Bad Debts — infobox Book | name = Bad Debts image caption = author = Peter Temple illustrator = cover artist = country = Australia language = English series = Jack Irish series genre = crime novel publisher = HarperCollins, Australia release date = 1996… …   Wikipedia

  • bad debts — debts which cannot be recovered …   English contemporary dictionary

  • bad debts — money owed to you that you can t collect …   Financial and business terms

  • bad debts recovered — Debts originally classed as bad debts and written off to the profit and loss account (or to a provision for bad and doubtful debts) but subsequently recovered either in part or in full. Bad debts recovered should be written back to the profit and …   Accounting dictionary

  • allowance for bad debts — A reduction in the value of *accounts receivable. One or more *general ledger accounts are used to record allowances for bad debts, which represent the value of accounts receivable whose ultimate collection is in doubt. The allowance may be for… …   Auditor's dictionary

  • offset bad debts — index redeem (satisfy debts) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • provision for bad debts — A provision calculated to cover the debts during an accounting period that are not expected to be paid. A general provision, e.g. 2% of debtors, is not allowed as a deduction for tax purposes. A specific provision, in which specific debts are… …   Accounting dictionary

  • provision for bad debts — A provision calculated to cover the debts during an accounting period that are not expected to be paid. A general provision, e. g. 2% of debtors, is not allowed as a deduction for tax purposes. A specific provision, in which specific debts are… …   Big dictionary of business and management

  • Provisions for Bad Debts —    Charges against profits for debtors who may not pay for goods and services thay have received …   Financial and business terms

  • Безнадежные долги (BAD DEBTS)  — Счета или векселя к получению, признанные руководством как не инкассируемые после проведения ряда неуспешных попыток получить по ним деньги. После классификации долга как безнадежного соответствующий счет к получению кредитуется. Если компания… …   Словарь терминов по управленческому учету

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