BAD DEBT Definition

Bookmark and Share

BAD DEBT is an open account balance or loan receivable that has proven to be uncollectible and is written off.

Learn new Accounting Terms

SPLIT-INTEREST AGREEMENT, in not-for-profits, is a contribution to the institution in which the institution must share the investment income/benefits with the donor and other beneficiaries if designated.

SALES TAX is a tax levied by a government entity, usually state or city, on the retail price of an item and certain taxable services, collected by the retailer.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.