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bad debt
the debt that can not be collected for different reasons. Generally, credit card debts used to purchase basic nesessities as well as hospital care debts considered "bad debts". Accounts receivable that will likely remain uncollectable and will be written off. Bad debts appear as an expense on the company's income statement, thus reducing net income. … Full Definition »

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Richard A CerratoAttorney at LawPRACTICE AREA: Personal Injury, Family Law, Real Estate Law, Bankruptcy Law, Wills & Probate, Labor & Employment Law, Animal Law, Industrial Development Law
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