Definitions for "charge off"
Accounts receivable that will likely remain uncollectable and will be written...
See: Bad debt
Also referred to as a profit/loss write off. A debt that cannot be collected.
Keywords:  debtor, loss, grantor, unable, unpaid
A loss for a lender due to an inability to collect from the debtor.
A loss that is written off a company's books when a lender determines it will be unable to collect from the debtor.
Unpaid balance reported as a loss by credit grantor.
an item taken off inventory that cannot be recovered due to a skip, theft or damaged goods. The book value is deducted as an expense item.
A partial or complete reduction of the value of an asset.
Keywords:  indicate, lenders, term
a term that is used by lenders to indicate that they do not