bad debt
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bad debt n. an uncollectible debt. The problem is to determine when a debt is realistically dead, which means there must be some evidence of uncollectibility or a lengthy passage of time. Discharge in bankruptcy, the running of the statute of limitations to bring a lawsuit, disappearance of the debtor, a pattern of avoiding debts or the destruction of the collateral security can all make a debt "bad." For income tax deduction purposes such a debt in business is deductible against ordinary income (found in Schedule C) and such a personal debt is deductible against short-term capital gains. A debt due for services rendered is not a bad debt for tax purposes, since there is just no income on which to be taxed.

bad debt noun dishonored bill, inconvertible bill, irreeeemable bill, irretrievable debt, loss, outstanding debt, protested bill, uncollectible debt, write-off
Associated concepts: bad debt loss, bad debt tax deduction

See also: nonpayment

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Charge-Off debt dishonored bill Income Tax inconvertible bill irredeemable bill irretrievable debt loss nonpayment outstanding debt Permissive Counterclaim protested bill redeem uncollectible debt write-off			Account in bank account of goods shipped account of merchandise Account of sales account of transactions account outstanding account owing Account Payable Account Receivable account rendered Account stated Account, Action on Account-book accountability accountable accountableness accountant accounted accounted for accounting accounts accounts collectable accounts outstanding accounts payable accounts receivable Accounts Uncollectible accouple accouplement accouter accouterment accouterments accredit accredit with accreditation accredited Accredited Law School accreted accretion accretive accroach accroachment accrual Accrual Basis accruance accrue accrued accruemen accruing accumulare accumulate accumulated			Accounts Receivable Conversion Accounts Receivable Conversion Accounts Receivable Conversions Accounts Receivable Core Committee Accounts Receivable Discounted Accounts Receivable Dollar Inventory Accounts receivable financing Accounts receivable financing Accounts receivable financing Accounts Receivable Funding Corporation Accounts Receivable Insurance Accounts Receivable Integrated Collections System Accounts Receivable Management Accounts Receivable Management & Data Services Accounts Receivable Management Corporation Accounts Receivable Management Group Accounts receivable software Accounts receivable software Accounts receivable turnover Accounts Receivable, Accounts Payable Accounts Receivable/Accounts Payable Accounts receivables Accounts receivables Accounts receivables Accounts Register Accounts Relating to the Property of others Accounts Statement Accounts Statement Accounts Statements Accounts Statements Accounts Uncollectible Accounts, Bookkeeping Accountspayable Accountspayable Accountspayable Accouple Accouple Accouplement Accouplement Accouplement Accourage Accourt Accoustic Accoustic Accoustic Accoustic coupler Accoustic coupler Accoustic fingerprint accouter accouter accoutered accoutered accoutering accoutering accouterment accouterment accouterment accouterment accouterments accouterments accouters

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bad debt (redirected from Accounts Uncollectible)

bad debt
(redirected from Accounts Uncollectible)