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English definition of “bad debt”

bad debt

noun [C or U]
 
 
FINANCE a debt that is not likely to be paid: They claimed that banks should be made to declare any bad debts they possessed. I had tens of thousands in bad debt. Over the past few quarters, hospitals have had to write off £10 million of bad debts. bad debt charges
(Definition of bad debt from the Cambridge Business English Dictionary © Cambridge University Press)
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