Generally speaking, one which is uncollectible . But technically, by statute in some states, the word may have a more precise meaning. In Louisiana, bad debts are those which have […]
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BAD DEBT EXPENSE
The cost incurred when a firm cannot collect. It is administrative or selling expense. AKA uncollectible accounts expense.
BAD DEBT PROVISION
The amount on a statement showing debt written off.
BAD DEBT RECOVERY
When debt is written off or classified as bad debt. Income can be produced because the lender writes it off.
BAD FAITH
The opposite of “good faith,” generally implying or involving actual or constructive fraud , or a design to mislead or deceive another, or a neglect or refusal to fuliill some […]
BAD FAITH CAUSE OF ACTION
a law suit that is based on an assumption that the opposing parties conduct showed reckless disregard of the suitor’s right and was unreasonable.
BAD TITLE
One which conveys no property to the purchaser of the estate; one which is so radically defective that it is not marketable , and hence such that a purchaser cannot […]
BAD-CHECK LAWS
Rules that make it illegal to write a check with no funds behind it. To do this knowingly is fraud. A few days are given to ammend this situation.
BADGE
A mark or cognizance worn to show the relation of the wearer to any person or thing; the token of anything; a distinctive mark of office or service.
BADGE OF FRAUD
A term used relatively to the law of fraudulent conveyances made to hinder and defraud creditors. It is defined as a fact tending to throw suspicion upon a transaction , […]
BADGER
In old English law . One who made a practice of buying corn or victuals in one place, and carrying them to another to sell and make profit by them.
BADWILL
When a company has a bad business practice that investors find out about. Revenue is lost as well as investors, customers, and suppliers. The market value also goes down. This […]
BAG
A sack or satchel. A certain and customary quantity of goods and merchandise in a sack. Wharton.
BAG HOLDER
An investor who keeps stocks until they are basically worthless.
BAG-IN-BOX
When liquid or gel is placved in a bag or a box.
BAGA
In English law . A bag or purse. Thus there is the petty-bag-oflice in the common- law jurisdiction of the court of chancery , because all original writs relating to […]
BAGEL LAND
Stock that will be worth less than a dollar. It is held on to to see if the value will raise.
BAGGAGE
In the law of carriers. This term comprises such articles of personal convenience or necessity as are usually carried by passengers for their personal use, and not merchandise or other […]
BAGGAGE ALLOWANCE
The most a bag can weight for each airline carrier. The weight is on the ticket issued. It is 20KG for economy, 30-35 KG business, and 40KG first class. Small […]
BAGGAGE CHECK
A receipt for checked in bags at an airport.
BAGGAGE CLAIM
The area that baggage can be picked up at.
BAGGED CARGO
Any merchandise that is shipped in bags or sacks.
BAHADUM
A chest or coffer. Fleta.
BAIL
Releasing a prisoner due to a deposit of a security. The person must still appear in court. A civil case allows release but criminal issues are based on the courts […]
BAIL A FERME
A contract of letting lands.