Doubtful Debts definition

Doubtful Debts such amount of indebtedness owing by the Company's debtors to the Company which has been overdue for more than 12 months and has been classified as doubtful debts as shown in the Final Accounts;
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Doubtful Debts invoices of the Company against clients or
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Examples of Doubtful Debts in a sentence

  • The Final Accounts shall contain details of the Doubtful Debts including the corresponding dates on which such Doubtful Debts should have been payable.

  • The Provision for Bad and Doubtful Debts in respect of Reinsurance Recoverable on Unpaid Losses will be taken to be the Milliman best estimate included in the Milliman Report, adjusted to take account of any commutations and then discounted by a maximum of 22.5%.

  • This shall include a provision for Bad or Doubtful Debts, exemptions, voids and any other factor that, in the Council’s reasonable opinion, may reduce the amount that can ultimately be collected.

  • Subject to Holcim’s Financial & Accounting framework, Doubtful Debts should be reviewed monthly as part of the Customer Management review process.

  • Accounts Receivable (net) Sales of Goods & Services 2,387,495 2,264,520 Prepayments 60,000 50,000 Other Receivables - - Total Gross Receivables 2,447,495 2,314,520 Less Provision for Doubtful Debts 200,000 200,000 Total Net Receivable (net) 2,247,495 2,114,520 Note 11.

  • Bad or Doubtful Debts; from the BID2 Revenue Account and if to the extent the Council is required by the Regulations to debit any further sums from the BID2 Revenue Account it shall immediately credit an equal sum to the BID2 Revenue Account.

  • The calculation of the Earn Out Consideration shall be adjusted accordingly (with the amount of any settled Doubtful Debts added to the amount of the Earn Out Revenue) and, to the extent that the adjustment results in an increased amount of Earn Out Consideration then the Buyer shall pay to the Seller the amount of such increase.

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

Related to Doubtful Debts

  • 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.

  • Bad debts means amounts considered to be uncollectible from

  • Reinsured Liabilities means the General Account Liabilities, the Risk Control Separate Account Liabilities, the Declared Rate Separate Account liabilities and the Variable Separate Account Liabilities.

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

  • 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.