Bad debts refer to accounts receivable and temporary payments that are in a sluggish state but have not been determined as bad debts after the debt expires and the principal or interest has not been paid for at least one month.

bad debts refer to loans that can't be recovered after careful verification, including loans that can't be paid off after liquidation because the borrower is declared bankrupt according to law.

difference: "bad debt" is an account that is determined to be irrecoverable, and it will turn into "bad debt" if it takes too long.