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How To Understand Bad Debt

Money : Borrowing

Bad Debt. It doesn't sound good, does it?

You'll have often heard the term 'bad debt' but what does it refer to?

A bad debt is simply one that has been written off as worthless to the creditor, as it deemed not to be collectible.

Bad debts will be written off as a loss by the lendor.


By: Stephen

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