Pronunciation: /bæd det/
noun a debt that is unlikely to be recovered or paid off
A1 Bad debt is money that is owed and unlikely to be paid back.
A2 The company had to write off the bad debt as a loss on their financial statements.
B1 The bank had to make provisions for bad debt in order to protect their assets.
B2 The credit card company had to deal with a high level of bad debt due to economic downturn.
C1 The finance department implemented new strategies to minimize bad debt and improve cash flow.
C2 The company conducted a thorough analysis of their bad debt portfolio to identify patterns and trends.
adjective referring to a debt that is considered unlikely to be repaid
A1 My friend told me that buying things with bad debt is not a good idea.
A2 She regretted taking out a loan that turned into bad debt.
B1 The company had to write off the bad debt as a loss on their financial statements.
B2 The bank decided to sell off their bad debt to a collection agency.
C1 The investor was wary of purchasing bonds with a high risk of bad debt.
C2 The government implemented stricter regulations to prevent the accumulation of bad debt in the financial sector.
formal The company had to write off a significant amount of bad debt this quarter.
informal I heard that John's business is struggling because of all the bad debt he's accumulated.
slang Don't lend money to Mark, he's known for racking up bad debt.
figurative Ignoring your responsibilities is like accumulating bad debt in your life.
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