bad debt provision
1bad debt provision — ➔ provision * * * bad debt provision UK US noun [C] UK (US bad debt reserve) ► ACCOUNTING an amount that a company shows on its accounts to represent the money that is owed to it, and that is unlikely to be paid back: »The bank announced an 87%… …
2bad debt provision — /bæd det prəˌvɪʒ(ə)n/ noun money put aside in accounts to cover potential bad debts …
3Bad debt — A bad debt is an amount that is written off by the business as a loss to the business and classified as an expense because the debt owed to the business is unable to be collected, and all reasonable efforts have been exhausted to collect the… …
4bad debt — An amount owed by a debtor that is unlikely to be paid; for example, due to a company going into liquidation. The full amount should be written off to the profit and loss account of the period or to a provision for bad debts as soon as it is… …
5bad debt — An amount owed by a debtor that is unlikely to be paid; for example, due to a company going into liquidation. The full amount should be written off to the profit and loss account of the period or to a provision for bad debts as soon as it is… …
6provision — pro‧vi‧sion [prəˈvɪʒn] noun 1. [uncountable] the act of providing something that someone needs: • the provision of childcare facilities at work • provision for people with disabilities 2. make provision( s) to make plans for future needs: make… …
7allowance for bad debt — /əˌlaυəns fə bæd det/ noun provision made in a company’s accounts for debts which may never be paid …
8Debt — For other uses, see Debt (disambiguation). Personal finance Credit and debt Pawnbroker Student loan Employment contract …
9Provision For Credit Losses - PCL — In accounting, an estimation of potential losses that a company might experience due to credit risk. Provision for credit losses is an estimated amount to be lost and is treated as an expense on the company s financial statements. Companies that… …
10bad — ▪ I. bad bad 1 [bæd] adjective bad debt/loan/investment/stock/asset FINANCE BANKING a bad debt, loan, investment etc is one from which you will not be able to get your money back: • Barclays have sharply increased their provision for bad… …
