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Bad debt

Debt which is unlikely to be paid. Bad debts may usually be treated as losses and written off against a reserve for such debts.

News On Bad debt
HSBC says Q1 profits jump to $8.4 billion as bad debts drop

07-05-2013| Source:Reuters

HSBC said its first quarter profits almost doubled from a year ago to more than $8 billion as bad debts and costs fell, with Europe's biggest bank showing the benefit of a 3-year