bad debt


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Related to bad debt: Bad Debt Expense, Bad Debt Recovery

bad debt

Any bill submitted for payment by a third-party payer or patient which is not paid in full, and unlikely to be paid for various reasons

bad debt

Medical practice Any bill submitted for payment by a third-party payer or Pt, which is not paid in full

bad debt

(bad det)
Unrecoverable debt.
References in periodicals archive ?
A further e1/40.9bn in bad debts will be heading to Estia, a government plan to assist, support and protect vulnerable households who have mortgaged their primary residences for loans.
Keep in mind that having bad debt robs you of your future income so avoid it as much as you can.
For example, timely filing is considered a bad debt by some practices, but others consider it a contractual adjustment.
Nearly a third (30 per cent) of private patient debt was written off by just one trust - Chelsea and Westminster NHS Foundation Trust - with 68 per cent of all private patient bad debt coming from six trusts.
A business bad debt often originates as a result of credit sales to customers for goods sold or services provided.
Because hospitals record the medical bills that are expected to be uncollected as allowances for bad debt, this account reflects the financial burden of medical care for patients.
When it became clear that the employer would be unable to repay the loans, he attempted to deduct the worthless loans as business bad debts.
HiSoft Technology International Limited (Nasdaq:HSFT), a China-based provider of outsourced IT and R&D services, revealed on Wednesday that it will include a bad debt provision of USD3.5m in its results for the full year of 2010.
24 September 2010 - The International Finance Corporation (IFC) has launched discussions with Russia's top lender Sberbank (MCX:SBER03) and state-run Deposit Insurance Agency (DIA) on purchasing bad debt, IFC head of financial markets in Central and Eastern Europe in Moscow, Timothy Krause, said on Friday as quoted by Bloomberg.
The unique process developed by CollectionTree.com automates the process of analyzing a client's bad debt and matching it to a collection agency based on the characteristics of the bad debt.
Lloyds said it saw a significant slowdown in the level of bad debt charges as improving economic conditions help borrowers on to a firmer footing.
LLOYDS Banking Group flagged up a return to profit this year after reporting a better picture on bad debt.