Assertion: debt instrument's interest | /r/HasProperty | uncollectible
Facets:
value: because of the issuer's insolvency
type: CAUSE
Source sentences:
text: In the case of current-pay debt instruments, there is a well-recognized rule under which a taxpayer on the accrual method of accounting need not accrue interest in income, if, at the time the interest would otherwise be earned, it reasonably appears that the interest will be uncollectible because of the issuer's insolvency.