uncollectible
Definition
- Adjective:
- Not capable of being collected: Describes something, typically a debt or account, for which payment cannot realistically be obtained or recovered. It is considered a loss.
Usage
The adjective "uncollectible" is primarily used in financial, accounting, and business contexts to describe debts or receivables. It indicates that efforts to collect payment have failed or are deemed futile, and the amount is written off as a loss.
Examples
- Adjective:
- The company was forced to write off the loan as uncollectible.
- After years of failed attempts, the debt was officially declared uncollectible.
- An uncollectible account receivable hurts a business's cash flow.
Advanced Usage
- "to deem something uncollectible": To officially judge or declare that a debt cannot be collected.
- The auditor recommended that the old invoices be deemed uncollectible.
- "to write off an uncollectible debt": To remove the value of a bad debt from the accounting records.
- The small business had to write off several uncollectible debts last quarter.
Variants and Related Words
- Uncollectable (adj): An alternative, less common spelling with the same meaning.
- Bad debt (n phrase): A common synonym for an uncollectible amount of money owed.
- Write-off (n): The act or the amount recorded as an uncollectible loss.
Synonyms
- Irrecoverable: Impossible to recover or get back.
- Bad: Not good, especially in financial terms (e.g., a bad debt).
- Defaulted: Describes a debt on which the borrower has failed to make payments.
Antonyms
- Collectible: Capable of being collected.
- Receivable: Awaiting payment but expected to be collected.
- Good: Describes a debt that is likely to be paid (e.g., a good debt).
Adjective
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not capable of being collected
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a bad (or uncollectible) debt
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