charge-off

[chahrj-awf, -of]
noun
a writeoff, especially of a bad loan by a bank.
Also, chargeoff.


Origin:
charge + (write)off

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
The charge-off should be taken by the end of the month in which the applicable time period elapses.
Indicates if charge-off resulted from a loan modification or restructure during reporting period.
Returning a loan with a partial charge-off to accrual status.
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