financial definition of doubtful
doubtful debt. The amount of money that a business does not expect to collect from its clients. A bad or doubtful debt is an operating expense that can be reported on a financial statement when a customer is experiencing financial troubles or has filed for bankruptcy.
Popular Terms. The amount of money that a business does not expect to collect from its clients. A bad or doubtful debt is an operating expense that can be reported on a financial statement when a customer is experiencing financial troubles or has filed for bankruptcy.