Meaning & use

uncollectible

adjective·Advancedbusinessfinance

Last updated

UK/ˌʌn.kəˈlek.tə.bəl/
US/ˌʌn.kəˈlek.tə.bəl/

Meaning

  1. adjectivebefore a nounfinance

    Describing money owed that is unlikely ever to be paid, so the creditor cannot recover it.

    Grammar: Appears before a noun or after be: uncollectible debt, the debt is uncollectible.

    Patterns

    • uncollectible debt
    • uncollectible accounts

    The bank wrote off the uncollectible loans at the end of the year.

    After the customer went bankrupt, the invoice was marked uncollectible.

    Uncollectible accounts reduce a company's reported profit.

Common combinations

uncollectible debt
The firm set aside money to cover uncollectible debt.
uncollectible accounts
Uncollectible accounts rose during the recession.
deem uncollectible
The debt was deemed uncollectible.
write off as uncollectible
They wrote off the invoice as uncollectible.
uncollectible taxes
Some uncollectible taxes were forgiven.

Synonyms and how they differ

irrecoverable
Irrecoverable is broader and can describe anything that cannot be recovered, while uncollectible is specific to money owed.
bad
Bad is used informally in the phrase 'bad debt', while uncollectible describes the status.
unrecoverable
Unrecoverable also applies to data or losses and is less tied to accounting.
uncollectable
Uncollectable is an equally accepted spelling, more common in British English.

Opposites

Word family

collect verb
to gather or obtain, such as a payment
collectible adjective
able to be collected as payment, or valuable to collectors
collection noun
the act of obtaining payments, or a group of items
collector noun
a person who collects debts or items

Commonly confused: uncollectible or uncollectable?

uncollectible vs uncollectable

This is just an alternative spelling; both are correct, and American writers favor uncollectible.

Practice

A debt is uncollectible when it...

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