adjective
- impossible or very difficult to collect or recover, especially money owed
Usage: finance; business
noun
- a debt or account that cannot be collected
Usage: finance; accounting
Examples
- The company wrote off several uncollectible debts this quarter.
- After three years of attempts, the loan was deemed uncollectible.
- The accounting department classified the overdue invoice as uncollectible.
- Banks must set aside reserves for uncollectible accounts.
- The business reported $50,000 in uncollectibles on their balance sheet.
- Legal action failed to make the debt any less uncollectible.