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Substitute Marriage Cohabitation
A living arrangement where couples live together as if married without legally formalizing the union.
Common-law Marriage
A marriage recognized in some jurisdictions, where a couple lives together for a period and presents themselves as married without having a formal ceremony or license.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of accounts receivable that may not be collectible.
Bad Debts Expense
Bad debts expense is the cost associated with accounts receivable that a company does not expect to collect due to customers being unlikely to pay.
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