bad debt recovery

noun

Definition

› [U] FINANCE, LAW the legal process of forcing someone to pay a debt: The government established a financial loan court to facilitate bad debt recovery. a bad debt recovery agency

› [C or U] ACCOUNTING a payment you receive for a debt that you thought would not be paid and have recorded as a loss in your accounts: A bad debt recovery can be treated as income and credited to the profit and loss account.

(Definition of bad debt recovery noun from the Cambridge Business English Dictionary © Cambridge University Press)