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Definition of

bad debt

Finance

debt that has to be written off a debt that is or is considered to be uncollectable and is, therefore, written off either as a charge to the profit and loss account or against an existing doubtful debt provision

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Definitions of ’bad debt’ and meaning of ’bad debt’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’bad debt’ and other financial terms with our online QFINANCE Financial Dictionary.

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