BAD DEBT Definition

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

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DELTA, in securities trading, is the relationship between an option price and the underlying futures contract or stock price. In general usage, it is the difference between two empirical data points, e.g. the delta between 4 and 6 is 2.

GUARANTOR, in finance, is a person that promises to pay back a loan if the original borrower does not make payment.

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