Examlex
_________ coverage protects your automobile from risks such as glass breakage, falling objects, vandalism, or damage caused by hitting an animal.
Uncollectible Account
An account receivable that cannot be collected due to the debtor being unable or unwilling to pay.
Bankruptcy
A legal proceeding involving a person or business that is unable to repay outstanding debts, resulting in the distribution of assets to creditors and discharge of debts.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's receivables that may ultimately not be collected.
Net Realizable Value
The estimated selling price of goods, minus the costs of their sale or disposal.
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