charge off

Also found in: Idioms

0.02 sec.

Charge off

See: Bad debt

charge off

See write off.

charge off

To discontinue accounting for some or all of a promissory note and its accrued interest as an asset of the lender.If a loan is partially or totally uncollectible,then it is partially or totally worthless and cannot constitute an asset.This is an accounting function only; the lender may still pursue collection activities and then rebook the money as a cash asset when and if there is a recovery.

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Maggie Mae

unamortized bond discount

write off

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