Bad Debt Provision

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Definition: Bad Debt Provision

Bad Debt Provision
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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.
April 19, 2024 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: April 19, 2024).
American Psychological Association (APA):
Bad Debt Provision. PayrollHeaven.com. Retrieved April 19, 2024
, 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.