Uncollectable
adjective
Not able to be collected, especially in reference to debts that are owed and cannot be recovered.
The company reported a significant amount of uncollectable debts this quarter.
Usage tips
Neutral
uncollectable debt, uncollectable accounts, uncollectable amounts
adjective
Not able to be collected, especially in reference to debts that are owed and cannot be recovered.
The company reported a significant amount of uncollectable debts this quarter.
Usage tips
Neutral
uncollectable debt, uncollectable accounts, uncollectable amounts
Definition 1 of 1
Pro Tip 1/3Financial Context
In finance, knowing the level of uncollectable debts is crucial for accurate reporting.
The company must consider its uncollectable debt when assessing its financial health.
Pro Tip 2/3Legal Implications
Understanding uncollectable debts can impact legal proceedings.
A lender must be cautious when dealing with borrowers who may have uncollectable accounts.
Pro Tip 3/3Nuanced Usage
'Uncollectable' carries a heavier connotation than just being uncollectible.
Describing a debt as uncollectable may imply that all reasonable collection efforts have failed.
Pro Tip 1/3Financial Context
In finance, knowing the level of uncollectable debts is crucial for accurate reporting.
The company must consider its uncollectable debt when assessing its financial health.
Pro Tip 2/3Legal Implications
Understanding uncollectable debts can impact legal proceedings.
A lender must be cautious when dealing with borrowers who may have uncollectable accounts.
Pro Tip 3/3Nuanced Usage
'Uncollectable' carries a heavier connotation than just being uncollectible.
Describing a debt as uncollectable may imply that all reasonable collection efforts have failed.
Pro Tip 1/3Financial Context
In finance, knowing the level of uncollectable debts is crucial for accurate reporting.
The company must consider its uncollectable debt when assessing its financial health.
Pro Tip 2/3Legal Implications
Understanding uncollectable debts can impact legal proceedings.
A lender must be cautious when dealing with borrowers who may have uncollectable accounts.
Pro Tip 3/3Nuanced Usage
'Uncollectable' carries a heavier connotation than just being uncollectible.
Describing a debt as uncollectable may imply that all reasonable collection efforts have failed.
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