bad debt recovery Meaning in the Cambridge English Dictionary
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Meaning of “bad debt recovery” in the English Dictionary

"bad debt recovery" in Business English

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bad debt recoverynoun

uk   us  
[U] FINANCE, LAW the ​legalprocess of ​forcing someone to ​pay a ​debt: The ​governmentestablished a ​financialloancourt to ​facilitatebaddebtrecovery. a baddebtrecoveryagency
[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 ​baddebtrecovery can be ​treated as ​income and ​credited to the ​profit and ​lossaccount.
(Definition of bad debt recovery from the Cambridge Business English Dictionary © Cambridge University Press)
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