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Doubtful debt refers to accounts receivable that a company believes may not be collected due to various factors, such as the customer's financial instability or other indicators of potential default. It is typically classified as a riskier asset on a company's balance sheet and may require the establishment of a provision for bad debts. This classification helps businesses manage their financial risk and provide a more accurate picture of their expected cash flow.
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What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What does subject to debt mean?
Subject to debt means that you are subject to being in debt. This is usually in reference to something being dependent on you being in debt.
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
What does credit debt reduction mean?
Credit debt reduction refers to the process of trying to reduce someone's debt through various means, such as renegotiating debt repayments, debt forgiveness, reduced interest rates, or eliminating late fees.
What does it mean to buy debt?
It means to buy peoples bills from a companies then you can collect the debt that they owe and charge interest
What does debt outstanding mean?
That u payed your debt in full
What does hit the black mean?
its when you are in debt and you come out of debt when you get money.
What does discharge of a debt mean when it is not associated with bankruptcy does it mean the debtor is fullt released from the obligation to repay the debt?
Yes, if a debt is discharged the debtor no longer has to pay.
What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What does subject to debt mean?
Subject to debt means that you are subject to being in debt. This is usually in reference to something being dependent on you being in debt.
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
What does To be in Queer Street mean?
To be in debt or bankrupt
What does in debt mean 3 letters?
owe
What does it mean when a creditor forgives a debt?
Gift?
What does dett mean?
It is an obsolete term for debt.
Who pays credit card debt if you die?
The debt will be paid from your estate. If there isn't enough, then the debt is discharged. The debt itself will not pass on to next of kin but a sizable debt might mean none of the deceased's estate does either.
What does credit debt reduction mean?
Credit debt reduction refers to the process of trying to reduce someone's debt through various means, such as renegotiating debt repayments, debt forgiveness, reduced interest rates, or eliminating late fees.
