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| Resources for Entrepreneurs | Entrepreneur's Glossary | ||||
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Bad Debt
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Definition of Bad DebtBad Debt is the business term for debts owed to a business that are determined to be uncollectible.
As a small business owner, bad debt expenses are difficult to swallow. In simple terms, money that is owed to you is not repaid. In some cases, a single bad debt can transform a profitable business into a money loser. If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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