write-off

(redirected from Charge off)
Also found in: Dictionary, Thesaurus, Legal, Financial, Idioms.

write-off

Informal something damaged beyond repair, esp a car
References in periodicals archive ?
If it is, the company will charge off all or part of the loan to record the expected loss.
As a result, US banks have been forced to charge off large amounts of uncollectible debt that consumers could not afford to repay.
Shichijo's remarks appear to show that the LDP wants to slow down FSA efforts to encourage banks to charge off bad loans at the risk of aggravating the credit crunch.