Seems to be? Calling it a "loss" is more of an accounting viewpoint (holding reserves to offset possible loses lowering revenue) than what laymen would view as

Seems to be? Calling it a "loss" is more of an accounting viewpoint (holding reserves to offset possible loses lowering revenue) than what laymen would view as a "loss". But then again, the amount of reserves held is supposed to be a best estimate of actual losses that will be incurred with bad debt.