- charge-off
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Eliminate or write off.
Dictionary from West's Encyclopedia of American Law. 2005.
- charge-off
-
Eliminate or write off.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
charge-off
Look at other dictionaries:
charge-off — ˈcharge off noun [countable] ACCOUNTING COMMERCE when you lose profit because money that is owed to you will not be repaid: • Charge offs for loan losses were only 0.7% of total loans, about half the average for regional banks. * * * charge off… … Financial and business terms
charge off — {v.} 1. To consider or record as a loss, especially in an account book. * /The store owner charged off all of the last season s stock of suits./ Syn.: WRITE OFF(1). 2. or[charge up] {informal} To accept or remember (something) as a mistake and… … Dictionary of American idioms
charge off — {v.} 1. To consider or record as a loss, especially in an account book. * /The store owner charged off all of the last season s stock of suits./ Syn.: WRITE OFF(1). 2. or[charge up] {informal} To accept or remember (something) as a mistake and… … Dictionary of American idioms
charge off — vt: to treat as a loss or expense; specif: to deduct as a bad debt part of the debt is charged off Code of Federal Regulations Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Charge-off — A charge off or chargeoff is the declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors will make… … Wikipedia
charge-off — ˈ ̷ ̷ˌ ̷ ̷ noun ( s) Etymology: charge off 1. : the reduction of the value at which an asset has been carried on the books bad debt charge offs 2. : the amount by which an account is reduced by cha … Useful english dictionary
Charge-Off — A term describing an expense on a company s income statement. A charge off will fall under one of the following categories: 1. A debt that is deemed uncollectible by the reporting firm and is subsequently written off. This type will be classified … Investment dictionary
charge off — See: bad debt * * * UK US charge off Phrasal Verb with charge({{}}/tʃɑːdʒ/ verb ► FINANCE to consider as a loss a debt that will probably not be paid: »The company charged off $120 million worth of bad credit card debt in the third quarter … Financial and business terms
charge off — transitive verb Date: 1892 to treat as a loss or expense • charge off noun … New Collegiate Dictionary
charge-off — noun see charge off … New Collegiate Dictionary
