Search results
Results from the WOW.Com Content Network
In finance, bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency.
Good debt is preferable because it builds value, but there are cases where bad debt is the best choice. For instance, using a loan to buy a reliable car to get you to and from work is a good use ...
Debt is part of the American way of life. Although credit card debt levels actually fell by $76 billion in Q2 2021 -- the biggest quarterly drop in history -- overall debt levels continued to rise ...
But one type of debt is always considered bad debt and gets people in more trouble than it should — credit card debt. Here’s why: 1. It comes with a high-interest rate.
Controlling bad debt exposure and expenses, through the direct management of credit terms on the company's ledgers. Maintaining strong cash flows through efficient collections. The efficiency of cash flow is measured using various methods, most common of which is Days Sales Outstanding (DSO).
the "bad debt expense" associated with portion of the receivables that the seller expects will remain unpaid and uncollectable, the "factor's holdback receivable" amount to cover merchandise returns, and (e) any additional "loss" or "gain" the seller must attribute to the sale of the receivables.
The word "debt" has all kinds of negative connotations -- and with good reason. Carrying a heavy debt load not only jeopardizes your financial security, but it can also lead to everything from ...
Language links are at the top of the page across from the title.