uncollectible
Debt written off
Uncollectible describes debts or payments that cannot be recovered.
When a borrower defaults and has no assets to seize, the debt becomes uncollectible: The bank wrote off $2 million in uncollectible loans.
Businesses maintain allowances for uncollectible accounts—money owed that they expect never to receive.
Unrecoverable money owed
- write-offRecorded value reduction
- defaultPreset standard option
- charge-offDeclaring debt uncollectible
- delinquencyCriminal or neglectful behavior
arrears · nonpayment · unpaid · overdue · unrecoverable · insolvent · insolvency · bankruptcy
Impossible to regain
- unrecoverableImpossible to regain
- hopelessBeyond possibility of success
- lostUnable to navigate
- worthlessLacking any value
unretrievable · irredeemable · gone · sunk cost · futile · unattainable · irreclaimable · forfeited
Recorded value reduction
- write-downReduction in recorded value
- allowanceFixed periodic payment
- provisionPreparatory supply or clause
- reserveSupply kept back
doubtful · impairment · receivable · ledger · accrual · balance sheet · journal entry · GAAP
Lacking legal force
- unclaimableUnable to be possessed
- time-barredBeyond legal claim period
- voidWithout legal effect
- dischargedOfficially let go
dismissed · barred · precluded · waived · lapsed · extinguished · prescribed · abandoned
bad debt
Unrecoverable money owed
- write-offRecorded value reduction
- defaultPreset standard option
- charge-offDeclaring debt uncollectible
delinquency · arrears · nonpayment · unpaid · overdue · unrecoverable · insolvent · insolvency · bankruptcy · defaulter
irrecoverable
Impossible to regain
- unrecoverableImpossible to regain
- hopelessBeyond possibility of success
- lostUnable to navigate
worthless · unretrievable · irredeemable · gone · sunk cost · futile · unattainable · irreclaimable · forfeited
write-off
Recorded value reduction
- write-downReduction in recorded value
- allowanceFixed periodic payment
- provisionPreparatory supply or clause
reserve · doubtful · impairment · receivable · ledger · accrual · balance sheet · journal entry · GAAP · reconciliation
unenforceable
Lacking legal force
- unclaimableUnable to be possessed
- time-barredBeyond legal claim period
- voidWithout legal effect
discharged · dismissed · barred · precluded · waived · lapsed · extinguished · prescribed · abandoned · released
- write-offsbad debt, charge-off, tax deduction, capital loss, losses
- account statusactive, inactive, open, closed, current
- shortfallsdeficit, shortfall, budget shortfall, shortage, gap
uncollectiblecollectible
Object worth amassing
recoverable · payable · collectable · receivable · enforceable