bad debt recovery
nounDefinition
› [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)
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