Business terms and jargon explained. Your business dictionary

What is Bad debt

This is where a debtor in the balance sheet does not pay an outstanding debt and it is foreseeable that they will never pay. The sum seems non-recoverable and is written off as an expense in the profit and loss account.

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Average Total Cost (ATC)	Ofcom	Term Loan	Credit Application Form
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Term created / updated 2005-07-16 23:12:15

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