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bad debt
(redirected from uncollectible)

    Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
bad debt
a professional fee that is owed but is not recoverable by the normal procedure of submitting three accounts at one month intervals and rendered from the veterinarian's office. A bad debt must be written off as a loss or placed in the hands of a professional debt collector or a solicitor to collect. If bad debts exceed 2% of the gross income the management of the practice should be investigated.
bad debt
Medical practice Any bill submitted for payment by a third-party payer or Pt, which is not paid in full
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Uncollectible council tax debts include pounds 311,000 as a result of individuals going bankrupt and pounds 84,000 from people disappearing without paying their bills.
Sharp rise in debts written off; Council forgoes pounds 422,000 of tax by Evening Chronicle (Newcastle, England)
Internal controls eliminate uncollectible receivables; prevent theft or embezzlement; optimize inventory; and stop waste, fraud, and abuse.
How to Stop Waste, Fraud and Abuse by Sunil Kumar / Education community
Since January of 2004, Springfield municipal court has assigned more than $3 million to collections agencies on active accounts that were deemed uncollectible.
Springfield levy: Right step for public safety or deception? by The Register-Guard (Eugene, OR)
 
 
 
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