| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,508,694,295 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
bad debt |
Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia | 0.11 sec. |
bad debtBill or debt which has not been paid and is most unlikely to be paid. Bad debts eventually have to be ‘written off’ on the profit and loss account. They are counted as a provision and are deducted from the account. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
1933), addressed the specific charge-off requirement and noted that Congressional intent was to allow a deduction for business bad debts in the year in which ascertained worthless, provided there was "some specific act of the taxpayer clearly indicating their abandonment as assets. Brazilian farmers realize this, but their options are limited this year by mountains of bad debts. Keep in mind that bad debts don't disappear from your credit once they have been paid. |
| Hutchinson Encyclopedia |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|
