Alternative term to write-off. Write-off is the preferred term. See "Write-off".
A charge off takes place when the creditor thinks that the chances of getting back of an amount due to him is almost nil and treats that amount as a loss for accounting purpose.
A loan that no longer is expected to be repaid and is written off as bad debt.
Also referred to as a profit/loss write off. This a debt that the grantor has deemed uncollectible. For internal accounting/tax purposes this accounts are written off as bad debt on their balance sheets and financial statements.
Status of account that has been written off as a bad debt or not collectable. A consumer still owes the remaining balance.
a creditor's report that a debt
an accounting term to indicate a creditor has lost money on a credit account with a consumer
Accounting term to indicate that the creditor has removed a loan from its balance sheet because collection is unlikely.
A term used when a creditor doesn't expect to collect on a debt.
Action of transferring accounts deemed uncollectible to a category such as "bad debt" or "loss." Such accounts will usually continue to be pursued by collectors, but are no longer considered part of a company's receivable or profit picture because they are unlikely to be repaid in full.
The process of writing off sums that have been deemed uncollectible. They may forgive the debt but they may still report negatively to the credit bureaus.
An accounting term to indicate the account is in default.
Used to indicate that the creditor does not expect to collect an outstanding debt from the borrower.
A debt that is deemed uncollectable and written off. Also known as a bad debt. Or a one time expense incurred by a company that negatively affects earnings.
Accounting term to indicate that the creditor does not expect to collect the balance owed on an account.
A loan or credit card debt written off as uncollectible from the borrower and often the borrower has sold or assigned the debt to a collection agency. The debt, however, remains valid and subject to collection.
accounting term to indicate that the creditor does not expect to collect a balance owing on an account.
Term used to indicate that a creditor does not expect a debt to be paid and is listing it as such. This does not mean that the debt no longer exists or that there will not be further attempts to collect it..
A loan, obligation, or cardholder account which the bank no longer expects to be repaid and is written off as a bad debt expense.
Reduce a loan by treating it as an accounting expense
