| Length | |
|---|---|
| Financial obligation that are unlikely to be repaid with 8 letters | |
| BADDEBTS | 8 |
Definition for Financial obligation that are unlikely to be repaid
Financial obligation that are unlikely to be repaid, commonly known as bad debts, refer to debts owed by individuals or businesses that are not expected to be recovered by the creditor. These debts often arise from a borrower's inability to meet their loan or credit obligations, often due to financial difficulties or insolvency. Bad debts pose a significant risk to lenders and can result in substantial losses, requiring institutions to carefully manage and account for them. Such obligations might be written off as losses and categorized as bad debts, signaling that efforts to collect the debt have been exhausted. Overall, bad debts represent the unfortunate reality of financial transactions that have little hope for repayment, requiring careful consideration from creditors to protect their interests.
Frequently Asked Questions about Solutions for Financial obligation that are unlikely to be repaid in Crosswords
The shortest answer for the term Financial obligation that are unlikely to be repaid is BADDEBTS with 8 letters. The longest answer BADDEBTS has 8 letters.
Our database contains 1 solutions for the crossword term Financial obligation that are unlikely to be repaid.
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