BAD DEBT
A debt which was no longer collectible and as a result, has no worth to the creditor. This happens after all possible attempts are already made to collect the debt. Bad debt is often a product of the debtor falling into bankruptcy or where the added cost of pursuing the debt is larger than the amount that the creditor would collect. This kind of debt, considered to be bad, will be scribbled off by the company as a expense.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
