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Home > Terms > English, UK (UE) > Bad debt
Bad debt
When a business recognises that a debt is unlikely to be repaid, the debt is written off as an expense in the profit and loss account.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: General Finance
- Company: Reuters
- Product:
- Acronym-Abbreviation:
Other Languages:
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