write-off

(redirected from Charge off)
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write-off

Informal something damaged beyond repair, esp a car
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
As a result, US banks have been forced to charge off large amounts of uncollectible debt that consumers could not afford to repay.
Although the credit union's real estate loan portfolio experienced a 2.55% charge off rate, its MBL delinquency was 0.32%, an increase from 0.01%, where it had been since first-quarter 2009.
* Since you paid the amounts off in full, ask the credit agency to report your collection as "paid as agreed" instead of the negative notation of "collection paid or paid charge off." Read Everything You Wanted to Know about Credit But Were Ashamed to Ask by Renee Crenshaw and Anthony B.