charge off
phrasal verbwithchargeverbuk/tʃɑːdʒ/us
FINANCE
toconsideras alossadebtthat willprobablynot bepaid:
Thecompanychargedoff $120 millionworthofbadcredit-carddebtin the thirdquarter.
charge-off
noun[C]
ukusFINANCE,ACCOUNTING
astatementby acreditor(= someone who isowedmoney)that adebtwillprobablynot bepaidand iscountedas aloss
Compare
write-off
Examplesofcharge off
charge off
If thecharge-offhas been paid in full, it will be listed on the credit report as paid in full.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.This documentation known as media in the debt buying industry may include the original account application, monthly statements, affidavits of sale andcharge-offstatements.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Thecharge-off, though, does not free the debtor of having to pay the debt.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Acharge-offis one of the most adverse factors that can be listed on a credit report.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Acharge-offis considered to be written off as uncollectable.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.While acharge-offis considered to be written off as uncollectable by the bank, the debt is still legally valid, and remains as such after the fact.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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