Uncollectible Account
/ˌʌnkəˈlɛktəbl əˈkaʊnt/
Definitions
- (n.) A debt or receivable deemed unlikely to be collected due to debtor insolvency or other factors.
The auditor classified the overdue invoice as an uncollectible account.
Forms
- uncollectible account
- uncollectible accounts
Related terms
See also
Commentary
Used primarily in accounting and legal contexts concerning debt recovery; precise classification affects financial reporting and legal remedies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.