Welcome to the 1520 Perfect Dictionary
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| Bad debt | |
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| BAD DEBT Definition: A debt that is unlikely to be paid. ______________________________________________________________________ * All seven elements would be in. 1. Debt was not intended to be 'bad'. 2. Loan was incurred under agreeable terms. 3. Funds were invested - wrongly - not squandered unreasonably. 4. Creditor has not given up on its recovery. And will never forget or write it off! And will not accept an apology or a pleading or agree to a renegotiation. 5. Debt will never be declared or admitted as not going to be settled. 6. Debtor will not be truly bothered, whatever he or she claims. 7. No other form of liquidating debt - labour or servitude - will be allowed as an option. And creditor cannot be murdered or assassinated ! _______________________ GOING ... GOING ... Quote: "Let honesty and industry be thy constant companions, and spend one penny less than thy clear gains; then shall thy pocket begin to thrive; creditors will not insult, nor want oppress, nor hungerness bite, nor nakedness freeze thee". - Benjamin Franklin. Quote: "Practical prayer is harder on the soles of your shoes than on the knees of your trouser". - Austin O'Malley. Quote: "Debt is a prolific mother of folly and of crime". - Benjamin Disraeli. | |
1520 Products |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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