Provision for Credit Losses

Data Tag

Definition

Loan loss provision is an expense set aside as an allowance for uncollected loans and loan payments. This provision is used to cover a number of factors associated with potential loan losses including bad loans, customer defaults and renegotiated terms of a loan that incur lower than previously estimated payments. Loan loss provisions are an adjustment to loan loss reserves and can also be known as valuation allowances.

Details

Intrinio Tag
provisionforcreditlosses
Statements Income Statement
Templates Financial
Type Metric
Units USD
Historical? Yes
Screenable? Yes

Access This Data

Our team will help you customize a package that meets the needs of your business.

Request a Consultation