charge-off

  

Definition

Writing off a problematic accounts receivable (bad debt) or loan against the firm's or the lender's earnings. A charged off amount, however, is not 'forgiven;' the customer or borrower is still liable for it, and the firm or lender will still pursue its collection.

Related Videos




http://www.businessdictionary.com/definition/charge-off.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z