Bad Debt - Law Dictionary Search Results
bad debt expense
Matched in: Term bad debt expense
allowance for bad debts
Matched in: Term allowance for bad debts
Bad debt
Matched in: Term Bad debt
Keep your definitions linked to case research
bad debt recovery
Matched in: Term bad debt recovery
bad debt
Matched in: Term bad debt
debt
Matched in: Term debt
collection account
collection account an unpaid debt referred to a collection agency to collect on the bad debt. This type of account is reported to the credit bureau and will show on the borrower's credit report.
credit counseling
credit counseling education on how to improve bad credit and how to avoid having more debt than can be repaid. Source: U.S. Department of Housing and
credit repair companies
businesses that claim to offer consumers credit and debt repayment difficulties assistance with their credit problems and a bad credit report. Source: U.S. Department of Housing and Urban Development
bond
bonds, function as insurance agreements, in which the surety promises to pay for financial loss caused by the bad behavior of an obligated person or by some contingency over which the person may have no control. appeal … default b : one who acts as a surety 2 : an interest-bearing document giving evidence of a debt issued by a government body or corporation that is sometimes secured by a lien on property and is
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