bad debt
/ˌbæd ˈdet/noun
उच्चारण बैड डेट
डूबत ऋण, अशोध्य ऋण
Advanced word
noun
- 1
[C/U] finance
a debt that is unlikely to be paid back, and that a bank or business therefore treats as a loss
डूबत ऋण, अशोध्य ऋण
- The bank had to write off several bad debts last year.
- Rising bad debts have hurt the profits of public sector banks.
§Grammar and usage
Usage: when a business accepts that a debt will never be paid, it is said to write off the bad debt.
Usage में जब कोई व्यवसाय मान लेता है कि कोई ऋण कभी नहीं चुकाया जाएगा, तो कहा जाता है कि वह bad debt को write off करता है।
✓In the exam
General knowledge
In India, a bank loan is classified as a non-performing asset when interest or instalments on it remain unpaid for more than 90 days.
भारत में किसी बैंक ऋण को non-performing asset (NPA) तब माना जाता है जब उसका ब्याज या किस्त 90 दिनों से अधिक समय तक बकाया रहे।