"Bad debt" designates a financial asset (such as a loan) which is unlikely to be repaid due to the borrower's low creditworthiness, and which generally has already fallen into arrears. Also called "Impaired debt" and "Non-performing debt".
Bad debt
"Bad debt" designates a financial asset (such as a loan) which is unlikely to be repaid due to the borrower's low creditworthiness, and which generally has already fallen into arrears. Also called "Impaired debt" and "Non-performing debt".
"Bad debt" designates a financial asset (such as a loan) which is unlikely to be repaid due to the borrower's low creditworthiness, and which generally has already fallen into arrears. Also called "Impaired debt" and "Non-performing debt".