One of the mysteries of the English language finally explained.
A debt that cannot be recovered.
- ‘The financial crisis has now left many of these banks on the verge of insolvency with large portfolios of insecure loans and bad debts.’
- ‘Under Government supervision, banks will set guidelines to deal with financially crippled borrowers and get rid of their bad debt.’
- ‘This provision is necessary to properly match built-in gains and losses relating to accounting for bad debts.’
- ‘One of the key determinants of overall earnings performance in the next twelve months will be the bank's ability to contain bad debts.’
- ‘The financier eventually receives the proceeds of the debts, the trader usually agreeing to repurchase any bad debts.’
- ‘Japan's government has signalled that key policies for dealing with the huge bad debt overshadowing the banking and corporate sectors could be delayed.’
- ‘Your credit history includes charge-offs, bad debts, and late payments for a period of seven years.’
- ‘As a result, banks became burdened with bad debts and lending to companies for expansion dried up.’
- ‘With regard to debts, the taxpayer need only establish that a particular debt has become a bad debt in the current year to qualify for the election.’
- ‘This increases the tendency toward bad debts and even credit contraction.’
- ‘They are repricing assets and, in effect, writing down bad debts at an astonishing pace.’
- ‘There has been no deterioration in credit quality and provision levels for bad debts are expected to be at the same level as last year.’
- ‘As the accounts stated, the loss was due to claims under a policy written for the solicitors' indemnity fund and for bad debts on reinsurance recoveries.’
- ‘The timing of this move was strange, coming when the economy is still slowing and therefore the prospect of bad debts should be rising.’
- ‘The problem for the financial sector is that they don't want to admit the size of their bad debts, for fear that if they did, they would then be insolvent.’
- ‘The agency typically collects within 30 days and has no history of writing off bad debts.’
- ‘But it's because of our credit tightening that our bad debt isn't worsening.’
- ‘That's one reason the industry is stepping up efforts to manage the bad debt.’
- ‘There was a cash surplus from grants, income from the land fill, recovery of bad debts and additional interest on investments.’
- ‘The bank expects to write off massive amounts of money as bad debt from its loan book value and shrink its asset base after correct recalculation of the loans.’
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