meaning of bad debt recovery

bad debt recovery meaning in Law Dictionary

When financial obligation is written down or categorized as bad financial obligation. Income may be produced as the lender writes it off.

bad debt recovery meaning in Business Dictionary

A debt sustained from a loan, a credit range, or an accounts receivable that's restored either in entire or perhaps in part after it turned out written off or categorized by the loan provider as a bad financial obligation. This recovery can frequently actually create income because it will usually generate a loss if it is written off because of the loan provider.