English version

book debt

From Longman Business Dictionary
Related topics: Finance
book debtˈbook debt1[countable, uncountable]ACCOUNTINGFINANCE money owed to a company by its customers, as shown in its financial recordsthe administrative burden of collecting book debt2[countable, uncountable]ACCOUNTINGFINANCE the amount of debt owed by a company to banks etc, as shown in its BALANCE SHEET debt
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