Bad Debt Provision

Business, Legal & Accounting Glossary

Definition: Bad Debt Provision


Bad Debt Provision


Full Definition of Bad Debt Provision


An account, also known as an “Allowance for Bad Debt”, that is maintained by banks in order to account for the percentage of outstanding loans that will not be paid back. Overestimation or underestimation of the amount that will be needed for this account can affect the economic health of a bank.


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https://payrollheaven.com/define/bad-debt-provision/
Modern Language Association (MLA):
Bad Debt Provision. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/bad-debt-provision/.
Chicago Manual of Style (CMS):
Bad Debt Provision. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bad-debt-provision/ (accessed: December 07, 2021).
American Psychological Association (APA):
Bad Debt Provision. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/bad-debt-provision/

Definition Sources


Definitions for Bad Debt Provision are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.