Economic,Banking and Financial Terms: Doubtful Asset:An asset - TopicsExpress

Economic,Banking and Financial Terms: Doubtful Asset:An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months. A loan classified as doubtful has all the weaknesses inherent in assets that were classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, - on the basis of currently known facts, conditions and values - highly questionable and improbable.

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