Bad Lends - Law Dictionary Search Results
Home Dictionary Name: bad lendslend
lend lent lend·ing vt 1 : to give for temporary use on condition that the same or its equivalent be returned 2 : to let out (money) for temporary use on condition of repayment with interest vi : to make a loan lend·able adj lend·er n ...
bad debt expense
bad debt expense An expense account that reflects the amount of your company's accounts that are not collectable, that is the amount of your company's accounts that are "bad debts." A "bad debt expense" account is an expense account of your company. A typical company makes an estimate as to how much it has in bad debts on a periodic (usually monthly) basis. For example, your company estimates that it has about $1,200 per year in accounts that are not collectable. Your company would make the following accounting entries each month: a debit to your "bad debt expense" account in the amount of $100, and a credit to your "allowance for bad debts" account in the amount of $100. When you actually decide that a particular debt is not collectable, you would not make an entry to the "bad debt expense" account. Instead, you would debit your company's "allowance for bad debts" account for the amount of the bad debt and credit your accounts receivable account for that amount. ...
allowance for bad debts
allowance for bad debts Your best guess at how much of your accounts receivable will not be collectable. In other words, your best guess at how much of your accounts receivable will be "bad debts." An "allowance for bad debts" account is kind of like a savings account for bad debts. Your company puts money into it on a periodic basis (usually monthly) as an expense of the company. When you decide that a particular account is not collectable, you tap the allowance for bad debts account to pay for the bad debt. Because you already made the allowance for bad debts, your profit and loss statement will not be out of whack in the particular month that you decide to "write-off" a particular account. Your company's accounting entries to "write off" a $500 account that you have decided is not collectable would look something like this: a debit to your allowance for bad debts account in the amount of $500 and a credit to your accounts receivable account for $500. ...
bad faith
bad faith : intentional deception, dishonesty, or failure to meet an obligation or duty [no evidence of bad faith] compare good faith in bad faith : with or characterized by intentional deception or dishonesty [possessor in bad faith] [an obligation to not act in bad faith "Hillesland v. Federal Land Bank Ass'n, 407 N.W.2d 206 (1987)"] ...
predatory lending
predatory lending abusive lending practices that include a mortgage loan to someone who does not have the ability to repay. It also pertains to repeated refinancing of a loan charging high interest and fees each time. Source: U.S. Department of Housing and Urban Development ...
Bad faith
Bad faith, is the opposite of good faith, generally implying or involving, but not limited so, actual or constructive fraud, or a design to mislead or deceive another, or any other sinister motive. Conceptually bad faith can be understood as a 'dishonest intention', Harrison v. Telon Valley Trading Co. Ltd., (2004) 1 WLR 2577.Bad faith, is more appropriate to a consideration of commercial dealings and should not routinely be introduced into a criminal trial because it might confuse to jury and deflect them from their task of deciding whether the public office had been abused by the conduct of office holder, although there might be cases in which the concept of bad faith might be relevant to an assessment of the standard of the defendant's conduct, Attorney-General's Ref. No. 3 of 2003, (2005) LR 73 (QB): (2004) EWCA Crim 868....
Naslan bad Naslan and Batnan bad Batnan
Naslan bad Naslan and Batnan bad Batnan, (generation to generation) have always been held as words denoting an absolute estate. They may not be words of art but the meaning which they bear cannot connote any other estate than an estate of inheritance, Midnapore Zamindari Co. Ltd. v. Kumar Narendranath Roy, 6 OWN 722....
truth-in-lending
truth-in-lending a federal law obligating a lender to give full written disclosure of all fees, terms, and conditions associated with the loan initial period and then adjusts to another rate that lasts for the term of the loan. Source: U.S. Department of Housing and Urban Development ...
truth-in-lending act
truth-in-lending act A federal act assuring that every individual who has need for consumer credit is given full disclosure of the terms and cost of the credit. (15 U.S.C. Sec. 1601) Source: FindLaw ...
lease lend
Same as lend lease...
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