The Amazon River Flows Backwards, And Now Scientists Have Figured Out Why. ESA. The shape of the Amazon Basinm mapped here using satellite altimeters is a relatively recent feature of the Earth. The Amazon once flowed in the opposite direction, from east to west. Reversing the direction of the Earth's largest river is no trivial thing, and geologists have pondered the cause for some time. In Earth and Planetary Science Letters The University of Sao Paulo's Dr Victor Sacek has demonstrated that nothing more than erosion is needed to explain this enormous shift.
An allowance for bad debt, also known as an allowance for doubtful accounts, is a valuation account used to estimate the portion of a bank's loan portfolio that may ultimately be uncollectible. When a borrower defaults on a loan, the allowance for bad debt account and the loan receivable balance are both reduced for the book value of the loan, or the outstanding loan balance.
DEFINITION of 'Loan Loss Provision'. An expense set aside as an allowance for bad loans (customer defaults, or terms of a loan have to be renegotiated, etc).Also know as a valuation allowance or valuation reserve.Next Up.EFINITION of 'Loan Loss Provision'. An expense set aside as an allowance for bad loans (customer defaults, or terms of a loan have to be renegotiated, etc).