bad debt
| Noun | 1. |  bad debt - a debt that is unlikely to be repaid |
| 单词 | bad debt | |||
| 释义 | bad debt
bad debtbad debtAny bill submitted for payment by a third-party payer or patient which is not paid in full, and unlikely to be paid for various reasonsbad debtMedical practice Any bill submitted for payment by a third-party payer or Pt, which is not paid in fullbad debt(bad det)bad debtbad debtn. 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 debtBad debtBad Debtbad debtan accounting term for money owed to a company by customers or borrowers which is highly unlikely to be paid because, for example, a customer has become insolvent (see INSOLVENCY). Such bad debts are written off against the PROFITS of the trading period as a business cost. See CREDIT CONTROL, DEBTORS RATIO, DOUBTFUL DEBTS.bad debtan accounting term for money owed that is unlikely to be paid because, for example, a customer has become insolvent (see INSOLVENCY). Such bad debts are written off against the PROFITS of the trading period as a business cost. See CREDIT CONTROL.bad debt
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