Bad or Doubtful Debts definition

Bad or Doubtful Debts shall have the same meaning as further described in Part 2 of Schedule 3 of the Regulations;
Sample 1Sample 2Sample 3
Bad or Doubtful Debts has the meaning given in Schedule 3, Part 1 to the 2004 Regulations.
Sample 1Sample 2Sample 3
Bad or Doubtful Debts has the meaning given in the Regulations.
Sample 1Sample 2

Examples of Bad or Doubtful Debts in a sentence

  • Provision for Bad or Doubtful Debts – Due to the economic downturn and review of current debts the estimate for the provision of bad and doubtful debts has been increased from £120k to £170k.

  • Provision for Bad or Doubtful Debts – Comparisons with our neighbouring authorities’ estimates and actual contributions made has shown this figure to be on the high side.

  • Provision for Council Tax and NDR Bad or Doubtful Debts and NDR provision for valuation appeals 82Annual Governance Statement 2021/22 871.

  • Provision for Bad or Doubtful Debts – a review of outstanding HRA debt was undertaken during the closing of accounts in 2006/07.

  • The balance of arrears not covered by the agreed purchase price from Trafford Housing Trust has been written off to the Provision for Bad or Doubtful Debts, which was left with a balance remaining of £287,395.

  • Impairment and Uncollectability of Financial Assets (previously reported as Provision for Bad or Doubtful Debts) As part of the new requirements for accounting for and disclosing financial instruments based on FRS 26 amounts shown as due from debtors will be individually, or collectively for those debts which are not significant, reviewed for impairment.

  • Bad or Doubtful Debts shall have the same meaning as further described in Part 2 of Schedule 3 of the Regulations (see The Regulations).

  • Provision for Bad or Doubtful Debts – Due to the economic downturn and review of current debts the estimate for the provision of bad and doubtful debts was increased by £30k last year and given the current economic situation the budget will remain the same at £120k and not be reduced down.

  • That fig- ure will exclude all non-Bank bad debts but still provides a very useful indicator of the cost of insolvencies.The annual cost of All Bank Charge for Bad or Doubtful Debts, by Australian Banks for the year to March 2021 has dropped to $4.86 billion from $10.05 billion in the year to March 2020.

  • The sub-offices will validate the findings and refer it to the relevant programme unit for any issues to be solved or followed-up on.


More Definitions of Bad or Doubtful Debts

Bad or Doubtful Debts has the meaning given in the Regulations. “Ballot” - means a ballot, renewal ballot, alteration ballot or re-ballot as appropriate held in respect of the Proposals in accordance with the Regulations.
Sample 1Sample 2
Bad or Doubtful Debts has the meaning given in the Regulations. “Bailiff” - means a bailiff or enforcement agent employed by the Council or on behalf of the Council through a contractor.
Sample 1
Bad or Doubtful Debts has the meaning given in the Regulations. “Bailiff” - means a bailiff or enforcement agent employed by the Council or on behalf of the Council through a contractor. “Ballot Result Date” - means the date upon which a successful ballot result has been declared in favour of putting in place the BID Arrangements. “BID” - has the meaning given in the Regulations that is the Business Improvement District and is that area within which the BID operates as shown on the plan attached to this Agreement in Schedule 1. “BID Arrangements” - has the meaning given by s41 of the Local Government Xxx 0000. “BID Company Report” - means a report prepared by the BID Company for each Financial Year which details: (a) total income and expenditure arising from the BID Levy; (b) other income and expenditure of the BID Company; (c) a statement of actual and pending deficits; and (d) the various initiatives and schemes upon which the BID Levy has been expended by the BID Company. “BID Levy” - means the charge levied and collected within the BID pursuant to the Regulations. “BID Levy Payer(s)” - means the non-domestic rate payers liable for paying the BID Levy. “BID Levy Rules” - means the rules set out in Schedule 2. “BID Revenue Account” - means the account kept in accordance with Regulation 14 of the Regulations. 2 “BID Term” - means 1st April 2013 to 31st March 2018 or the date of earlier termination of this Agreement under clause 3.1.
Sample 1
Bad or Doubtful Debts. Has the meaning given in the Regulations. Enforcement Agent Means an enforcement agent employed by the Council or on behalf of the Council through a contractor.
Sample 1
Bad or Doubtful Debts has the meaning given in the Regulations. “Ballot Result Date” ‐ means the date upon which a successful ballot result has been declared in favour of putting in place the BID arrangements for the BID Term.
Sample 1

Related to Bad or Doubtful Debts

  • Bad debts means amounts considered to be uncollectible from

  • Doubtful Loss", "Classified", "Criticized", "Watch list" or words of similar import, together with the principal amount of and accrued and unpaid interest on each such Loan and the identity of the obligor thereunder, (4) where a reasonable doubt exists as to the timely future collectibility of principal and/or interest, whether or not interest is still accruing or the loans are less than 90 days past due, (5) where the interest rate terms have been reduced and/or the maturity dates have been extended subsequent to the agreement under which the loan was originally created due to concerns regarding the borrower's ability to pay in accordance with such initial terms, or (6) where a specific reserve allocation exists in connection therewith, and (G) all assets classified by Innes Street or Citizens Bank as real estate acquired through foreclosure or in lieu of foreclosure, including in-substance foreclosures, and all other assets currently held that were acquired through foreclosure or in lieu of foreclosure.

  • Payables Liabilities of a party arising from the borrowing of money or the incurring of obligations for services, merchandise or goods purchased.

  • Lessee in ordinary course of business means a person who in good faith and without knowledge that the lease to him or her is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods leases in ordinary course from a person in the business of selling or leasing goods of that kind but does not include a pawnbroker. "Leasing" may be for cash or by exchange of other property or on secured or unsecured credit and includes acquiring goods or documents of title under a pre-existing lease contract but does not include a transfer in bulk or as security for or in total or partial satisfaction of a money debt.

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Debts means all amounts owing by the Customer to the Company on any account whatsoever;

  • Reinsured Liabilities means the General Account Liabilities and the Separate Account Liabilities.

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Ordinary Course of Business means the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency).

  • Trade Payables means, with respect to any Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services.

  • Buyer in ordinary course of business means a person that buys goods in good faith, without knowledge that the sale violates the rights of another person in the goods, and in the ordinary course from a person, other than a pawnbroker, in the business of selling goods of that kind. A person buys goods in the ordinary course if the sale to the person comports with the usual or customary practices in the kind of business in which the seller is engaged or with the seller's own usual or customary practices. A person that sells oil, gas, or other minerals at the wellhead or minehead is a person in the business of selling goods of that kind. A buyer in ordinary course of business may buy for cash, by exchange of other property, or on secured or unsecured credit, and may acquire goods or documents of title under a preexisting contract for sale. Only a buyer that takes possession of the goods or has a right to recover the goods from the seller under article 2 may be a buyer in ordinary course of business. The term does not include a person that acquires goods in a transfer in bulk or as security for or in total or partial satisfaction of a money debt.

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are payable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) to the Bank, the Company or its other Subsidiaries.

  • non-current liabilities means all liabilities other than current liabilities

  • Product Liabilities means all claims, Liabilities and Proceedings related to or arising from actual or alleged harm, injury, damage or death to persons, animals, property or business, irrespective of the legal theory asserted, and resulting from or alleged to result from the use, sale or manufacture of the Products.

  • Covered Liabilities as defined in Subsection 11.21.

  • the ordinary course of business means matters connected to the day-to- day supply of goods and/or services by the Target business or the Sony business and does not include matters involving significant changes to the organisational structure or related to the post-merger integration of the Target business and the Sony business;

  • Off-Balance Sheet Obligations With respect to any Person and any date, to the extent not included as a liability on the balance sheet of such Person, all of the following with respect to such Person as of such date: (a) monetary obligations under any financing lease or so-called “synthetic,” tax retention or off-balance sheet lease transaction that, upon the application of any Insolvency Laws, would be characterized as indebtedness, (b) monetary obligations under any sale and leaseback transaction that does not create a liability on the balance sheet of such Person, or (c) any other monetary obligation arising with respect to any other transaction that (i) is characterized as indebtedness for tax purposes but not for accounting purposes, or (ii) is the functional equivalent of or takes the place of borrowing but that does not constitute a liability on the balance sheet of such Person (for purposes of this clause (c), any transaction structured to provide tax deductibility as interest expense of any dividend, coupon or other periodic payment will be deemed to be the functional equivalent of a borrowing).

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Relevant Assets means all of the following:

  • Off-Balance Sheet Obligation means, with respect to any Person, any Obligation of such Person under a synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing classified as an operating lease in accordance with GAAP, if such Obligations would give rise to a claim against such Person in a proceeding referred to in Section 6.01(h).

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person, (iii) any Synthetic Lease Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Capitalized Lease Liabilities means all monetary obligations of the Borrower or any of its Subsidiaries under any leasing or similar arrangement which, in accordance with GAAP, would be classified as capitalized leases, and, for purposes of this Agreement and each other Loan Document, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP, and the stated maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a penalty.

  • Total Liabilities is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness.

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

  • Prepaid contract means any Contract that has terminated or been prepaid in full prior to its scheduled expiration date (including because of a Casualty Loss), other than a Defaulted Contract.

  • Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.