Being in debt so much, that it is hard to meet it, which makes you sweat. Hence, it becomes a wet debt.
by Vipansh November 28, 2013
Hey Bob I'm going to the club to get some numbers tonight
Bob: you better leave those broke hoes alone you going to be paying all there bills you must love being a debt collector
Bob: you better leave those broke hoes alone you going to be paying all there bills you must love being a debt collector
by Snowk1ng August 24, 2017
Similar to "tech debt", accounting debt is incurred when accounting departments take shortcuts either at the start of a companies life or during a busy period. These shortcuts then have to be "paid off" (i.e. corrected) by that same department or a third party at a later date. This phrase was coined by accountant Matthew R Williams, ACA in New York City on 23-Jun-22.
We could simply transfer the money now and sort out the loan agreements at a later date. We have to be conscious though that this would be adding to the departments existing accounting debt.
by Rob717 June 23, 2022
by Jake Squawk May 29, 2013
by Ereck Flowers November 14, 2018
by virtual-fatality June 25, 2025