☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Bad Debt

A debt that is uncollectible — a creditor may write off a bad debt as a tax deduction. In bankruptcy, bad debts are claims against the estate.

Category: Tax Law · Source: IRC §166
0 terms published 0 awaiting endorsement
Propose a New Term

Submit a term for the community. Two endorsements from other members will publish it.

Per page: