bad debt recovery
noun
ukus[U]FINANCE,LAW
thelegalprocessofforcingsomeone topayadebt:
Thegovernmentestablishedafinancialloancourttofacilitatebaddebtrecovery.
abaddebtrecoveryagency
[CorU]ACCOUNTING
apaymentyoureceivefor adebtthat youthoughtwould not bepaidand haverecordedas alossinyouraccounts:
Abaddebtrecoverycan betreatedasincomeandcreditedto theprofitandlossaccount.