uncollectible

adjective
un·​col·​lect·​ible | \ ˌən-kə-ˈlek-tə-bəl How to pronounce uncollectible (audio) \

Definition of uncollectible

: not capable of or suitable for being collected : not collectible uncollectible loans/debt Once deemed uncollectible because it can be easily reproduced, the photograph is now as common to the auction halls as a still life.— Douglas Davis

Examples of uncollectible in a Sentence

Recent Examples on the Web Charge-offs—loans rates as uncollectible—totaled $1.2 billion in Q4 of 2019, and $1.1 billion in Q1 of this year, when the pandemic was just starting to bite. Shawn Tully, Fortune, "The good news and ominous warnings in J.P. Morgan’s earnings call," 15 Jan. 2021 Moreover, much of this debt is essentially uncollectible: It’s owed by people that likely will never be able to repay much of it. Alexis Goldstein, The New Republic, "How to Save the Pandemic Generation," 21 Sep. 2020 The agreement will bring the school district $100,000 per year for 30 years, or $3 million, plus a $380,000 settlement on $2.5 million in delinquent taxes now deemed uncollectible. cleveland, "With approval of agreement, University Square redevelopment project is in motion," 28 May 2020 That would add up to $3 million over that time span, along with a roughly $380,000 settlement to the schools on $2.5 million in delinquent taxes now deemed uncollectible on the foreclosed property. Thomas Jewell, cleveland, "Cleveland Heights-University Heights school board gives blessing -- and TIF -- to University Square redevelopment," 10 Dec. 2019 In fiscal year 2019, the state determined about $90 million in debt was uncollectible, across all agencies. Dave Orrick, Twin Cities, "So why can’t MN DHS collect that $1 mil embezzled a decade ago?," 27 Nov. 2019 That is because uncollectible debt is a fact of life for the industry. Charley Grant, WSJ, "Why It Is Harder to Diagnose Hospital Stocks," 28 May 2018 But changing trends in retail toward local presence for faster delivery have resulted in the vast majority of large out-of-state online businesses now collecting those previously uncollectible taxes. Chris Cox, WSJ, "Sales Tax Revenue Isn’t Collapsing," 19 Apr. 2018 Might be a collections rep for IRS The IRS likely would have given these taxpayers hardship status and classified their debts as currently uncollectible if the tax agency had handled the accounts itself, Olson wrote. Kevin Mccoy, USA TODAY, "IRS private debt-collection program hurts low-income Americans," 10 Jan. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'uncollectible.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of uncollectible

1796, in the meaning defined above

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Time Traveler for uncollectible

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The first known use of uncollectible was in 1796

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Statistics for uncollectible

Last Updated

23 Jan 2021

Cite this Entry

“Uncollectible.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/uncollectible. Accessed 1 Mar. 2021.

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