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 this declaration at the point of six months without payment. In the United States, Federal regulations r...
Found on
http://en.wikipedia.org/wiki/Charge-off
An accounting transaction removing an uncollectible balance from the active receivable accounts.
Found on
https://www.encyclo.co.uk/local/21181
the portion of principal and interest due on a loan that is written off when deemed to be uncollectible.
Found on
https://www.encyclo.co.uk/local/21674
a writeoff, esp. of a bad loan by a bank.
Found on
https://www.infoplease.com/dictionary/charge-off
No exact match found.
