Doubtful Account definition

Doubtful Account means any account receivable for which a reserve has been taken for doubtful accounts in the books and records of the relevant Person in accordance with its usual practice.
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Doubtful Account means an account that, based upon the ordinary course of the Business consistent with past practices, is unlikely to be collectible;
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Doubtful Account means an Accounts Receivable for which collection efforts are in progress or have been exhausted without successful collection and for which an Allowance for Doubtful accounts adjustment will be recorded.
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Examples of Doubtful Account in a sentence

  • Contractual and Doubtful Account Allowances Patient accounts receivable are reduced by an allowance for doubtful accounts.

  • The accounting entries by the write off in the FAST Accounts Receivable Module will debit the Allowance for Doubtful Account 13010 and credit the Accounts Receivable Account 12010.A copy of the approval signed by the Controller is then sent back to the department for their records.

  • All of such accounts receivable are generally due within 30 days after being accrued on the books of the Seller and have been collected, or are collectible within 180 days after billing, in the full aggregate recorded amounts thereof, less, in the case of the accounts receivable reflected on the Balance Sheet, an allowance for doubtful accounts in the amount of two (2) percent of the Accounts Receivable balance (the "Doubtful Account Reserve") as shown on the Balance Sheet.

  • The parties shall then adjust the Doubtful Account Percentage for the following year to equal the percentage of accounts that were uncollectable in the prior Contract Year (rounded to the nearest tenth of a percent), up to the maximum Doubtful Account Percentage of 5%.

  • This account consists of receivables that are due for more than one year in the amount of PhP14,874,455.85, with Allowance for Doubtful Account in the amount of PhP9,466,510.32.

  • On September 30, 1998, Information Solutions shall pay to Buyer the amount, if any, by which the actual amount of uncollected accounts receivable which are included in the Purchased Assets exceeds the Doubtful Account Reserve as of September 5, 1998; and Buyer shall assign such accounts to Information Solutions.

  • Any such Receivable which is outstanding at February 28, 1999, is referred to herein as a "Doubtful Account." With respect to any Doubtful Account, Buyer may, at its option, concurrent with the final determination of Net Tangible Assets and 1998 AEBIT, transfer any such Doubtful Account to Sellers.

  • Xxxxxxxx Title: General Manager By: By: Name: Xxxxxx Xxxxx Title: General Manager Name: Xxxxxxx Xxxxxxx Title: Manager, Finance and Administration The Doubtful Account Reserve for the initial purchase will reflect the Credit Risk composed by both the Average Annual Loss and the Average Annual Costs of Late Payment experienced by the Seller during a period of 10 years prior to the date of sale.

  • First, we must trace back the attempts that have been made to deal with the threatened peace and security of the region, and further provide useful information to the governments of East Africa.

  • On September 30, 1998, Buyer agrees to pay to Information Solutions the amount, if any, which equals the portion of the Doubtful Account Reserve which remains unused as of September 5, 1998, provided, however, that the Doubtful Account Reserve may only be debited with respect to those specific accounts receivable which are included in the Purchased Assets that have not been collected by Buyer as of September 5, 1998.


More Definitions of Doubtful Account

Doubtful Account means an account that, in the opinion of the Key Individuals acting reasonably and based upon the ordinary course of the MediaMiser Business consistent with past practices, is unlikely to be collectible.
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Doubtful Account means amounts due to a Tobacco Group Company from a customer in the ordinary course of business of such Tobacco Group Company where any Tobacco Group Company has reason to suspect that such amounts will not be paid whether by reason of the insolvency of the customer or otherwise.
Sample 1

Related to Doubtful Account

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.

  • Audited Accounts means the audited accounts of the Company and of each of the Subsidiaries and the audited consolidated group accounts of the Group for the financial period ended on the Balance Sheet Date;

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Doubtful Loss", "Classified", "Criticized", "Watch list" or words of similar import, together with the principal amount of and accrued and unpaid interest on each such Loan and the identity of the obligor thereunder, (4) where a reasonable doubt exists as to the timely future collectibility of principal and/or interest, whether or not interest is still accruing or the loans are less than 90 days past due, (5) where the interest rate terms have been reduced and/or the maturity dates have been extended subsequent to the agreement under which the loan was originally created due to concerns regarding the borrower's ability to pay in accordance with such initial terms, or (6) where a specific reserve allocation exists in connection therewith, and (G) all assets classified by Innes Street or Citizens Bank as real estate acquired through foreclosure or in lieu of foreclosure, including in-substance foreclosures, and all other assets currently held that were acquired through foreclosure or in lieu of foreclosure.

  • Investment Account As defined in Section 3.12(a).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;