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English definition of “bad debt recovery”

bad debt recovery

[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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