write-off

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write-off

Informal something damaged beyond repair, esp a car
References in periodicals archive ?
Net Charge-Offs as a Percentage of Total Loans and Leases
This increase is attributed to greater awareness in the industry about the ease of selling charge-offs and to current economic conditions, according to Boehm.
At Capital One's US card business, net charge-offs declined to 3.
The latest report found bank loan charge-offs had decreased on an aggregate basis for five straight quarters, reaching 2.
Bob DiGennaro, senior vice president of collections and recovery-Americas at private-label retail credit card provider GE Consumer Finance, said the company saw a dip in total charge-offs and bankruptcy filings in the first quarter, adding that it is too early to disclose specific figures.
First things first, It takes at least seven years for a charge-off to be removed from your credit report.
166 regulations generally are the same as temporary regulations issued in June 1996, which provided a deemed charge-off for modified debt in certain circumstances.
Detailed data on net charge-offs and delinquencies by type of loan are available for medium and large banks and for all banks with foreign offices (chart 12).
banks' total book of business, larger banks have seen the sharpest increases in charge-offs and nonperforming assets.
Net charge-offs have decreased 27 percent since the first quarter of 2012 although they are not yet at pre-crisis levels.
12, 2012 /PRNewswire/ -- TBF Financial announced it closed a $36 million portfolio of charge-offs in late November through a brokered transaction involving a bank with loans, lines of credit, and equipment leases it wanted to sell quickly.
Delinquencies and Charge-Offs as a % of Outstandings > 30 Days 1.