Wicked young lady with time that cannot be recovered (3,4)
I believe the answer is:
bad debt
'cannot be recovered' is the definition.
I can't judge whether this definition defines the answer.
'wicked young lady with time' is the wordplay.
'wicked' becomes 'bad' (similar in meaning).
'young lady' becomes 'deb' (short for debutante).
'with' says to put letters next to each other.
'time' becomes 't' (abbreviation).
'bad'+'deb'+'t'='BAD DEBT'
'that' is the link.
Can you help me to learn more?
(Other definitions for bad debt that I've seen before include "Write it off - it's uncollectible" , "Irredeemable liability" , "Money owed that is unlikely to be repaid" , "Money loaned that cannot be recovered" , "Moneys loaned which cannot be recovered" .)