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bad debt

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Definition of bad debt in English:

noun

A debt that cannot be recovered.
Example sentences
  • The financier eventually receives the proceeds of the debts, the trader usually agreeing to repurchase any bad debts.
  • As the accounts stated, the loss was due to claims under a policy written for the solicitors' indemnity fund and for bad debts on reinsurance recoveries.
  • The financial crisis has now left many of these banks on the verge of insolvency with large portfolios of insecure loans and bad debts.

Definition of bad debt in:

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