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English definition of “bad debt provision”

bad debt provision

noun [C]
 
 
UK (US bad debt reserve)
ACCOUNTING an amount that a company shows on its accounts to represent the money that is owed to it, and that is unlikely to be paid back: The bank announced an 87% leap in bad debt provisions relating to lending to big businesses.
(Definition of bad debt provision from the Cambridge Business English Dictionary © Cambridge University Press)
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