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What is baddebt?

Updated: 9/16/2023

Wiki User

∙ 12y ago

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Baddebt are those amount which cannot be recovered from the creditors this amount is in short unrecoverable so it is called baddebt.

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∙ 12y ago

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Why create a Special-Purpose Vehicle SPV?

a fi is required to have 8% oftheier loan portfolios as a cash cover baddebt. if a part of their loan portfolio is sold this frees up working capital for financial institution. loan clogs up bank balance sheet

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