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Uncollectible account
Uncollectible accountAn account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay. RELATED TERMS-------------------------------------- Account 1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent. Company A proprietorship, partnership, corporation, or other form of enterprise that engages in business. Able ABLE is a credit union with head office in CRESAPTOWN, MD Pay Money earned by employees for work performed, in the form of wages or salary. SIMILAR TERMS-------------------------------------- Uncollected funds The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn. Uncommitted facility A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent. Unconfirmed Letter of Credit A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. Uncovered call A short call option position in which the writer does not own shares of underlying stock represented by the option contracts. Uncovered put A short put option position in which the writer does not have a corresponding short stock position or has not deposited, in a cash account, cash or cash equivalents equal to the exercise value of the put. PREVIOUS AND NEXT TERMS-------------------------------------- Unbiased expectations hypothesis Theory that forward exchange rates are unbiased predictors of future spot rates. Unbiased predictor A theory that spot prices at some future date will be equal to today's forward rates. Unbundling The process of taking over a large company with several different lines of business, and then, while retaining the core business, selling off the subsidiaries to help fund the takeover. Uncalled capital That part of a company's issued capital that has not yet been paid for by shareholders. Uncollected funds The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn. Uncollectible account Uncommitted facility A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent. Unconfirmed Letter of Credit A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. Uncovered call A short call option position in which the writer does not own shares of underlying stock represented by the option contracts. Uncovered put A short put option position in which the writer does not have a corresponding short stock position or has not deposited, in a cash account, cash or cash equivalents equal to the exercise value of the put. Undated stocks Fixed interest stocks which have no redemption date. We thank you for using the Financial Dictionary to search for Uncollectible account. If you have a better definition for Uncollectible account than the one presented here, please let us know by making use of the suggest a term option. This definition of Uncollectible account may be disputed by other professionals. Our attempt is to provide easy definitions on Uncollectible account and any other medical topic for the public at large.
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