book debts

noun

  • Business (Corporate) Law/Company Law
  • Tax Law

Definitions of book debts

  • accounts receivable owned by a company

    The value of the uncollected book debts can be used as a security.

Phrase Bank for book debts

  • The managing director wants to keep book debts down.

  • A charge was taken over the company’s book debts.

  • The borrower was free to deal with the book debts under the loan agreement.