Loans in Default that have been charged off, or are likely to be charged off, as losses. Lenders report the condition of loans with principal and interest in arrears in quarterly Call Reports to bank regulatory agencies. See also Adversely Classified Assets; Charge-Off; Loan Loss Reserves.
Accounts Uncollectible
| Banking Dictionary: Accounts Uncollectible |
| 5min Related Video: Accounts Uncollectible |
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 | Valuation Account (in accounting) |
| Allowance for Bad Debts (in accounting) |
| Relative Frequency of Occurrence (in accounting) |
Help us answer these
 | What are Uncollectible accounts expense recorded by? |
| Which of the following methods of accounting for uncollectible? |
| How do companies account for uncollected debt? |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
Related answers
- What is the meaning of uncollectible accounts?
- What is the allowance method of accounting for uncollectible accounts?
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- Why do recognizing for uncollectible account?
- Allowance for uncollectable accounts?
- Who will buy an uncollected personal account?
Mentioned in
- Valuation Account (in accounting)
- Allowance for Bad Debts (in accounting)
- Relative Frequency of Occurrence (in accounting)
- Export-Import Bank (insurance term)
