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Related to uncollectible: uncollectible debt
ThesaurusAntonymsRelated WordsSynonymsLegend:
Adj.1.uncollectible - not capable of being collected; "a bad (or uncollectible) debt"
invalid - having no cogency or legal force; "invalid reasoning"; "an invalid driver's license"
References in periodicals archive ?
Having an account placed in uncollectible status allows the taxpayer to remain current in tax compliance without worrying about enforcement action and allows a taxpayer to recover from a financial setback.
Uncollectible council tax debts include pounds 311,000 as a result of individuals going bankrupt and pounds 84,000 from people disappearing without paying their bills.
The uncollectible sum of premiums in the year to March 31 spells an increase of 64 billion yen over the previous year, according to data compiled by the Social Insurance Agency.
Assets classified as loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted.
While tenants reacted negatively to the onerous rent increases, landlords began to dislike it as well, for such large annual increases became uncollectible, requiring evictions or lease renegotiations.
This report focuses primarily on (1) actions taken by FMS on uncollected nontax debts returned from its PCA contractors and (2) actions taken, if any, by FMS and the Office of Management and Budget (OMB) to ensure that federal agencies are reporting their eligible uncollectible nontax debts to IRS as income to debtors.
Any defendant with a percentage increased under this provision can then attempt to collect the portion of the increased judgment declared uncollectible from the defendant originally liable.
The resulting press, combined with charge-offs for uncollectible loans of 10.
In general, the highest borrowing rates - typically on credit cards for those with subpar incomes or repayment histories - will be hit relatively lightly because they reflect more the lenders' cost of administration and write-offs of uncollectible accounts than the cost of money.
That's why in the example above, Camp A will recognize $6,500 in contributions and Camp B will recognize $1,000 (less an allowance for uncollectible pledges and a discount factor for the time value of money.
Provide prompt feedback to individual cashiers on uncollectible checks they accepted.
The Company considers several factors to identify and deal with uncollectible receivable accounts.