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Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.


A reduction in an individual's or a company's income as the result of an expense. For example, an unpayable credit sale may be a write-off for the creditor, especially if the debtor declares bankruptcy. The bankruptcy means that the debtor is unable to pay the debt, which results in a loss of income for the creditor. A write-off may usually be deducted from one's taxable income.


To take an asset entirely off the books because it no longer has any value.If an accrualbasis taxpayer has taken money into income when bills were sent out to customers,but then some of the bills became uncollectible, the taxpayer may write off the uncollectible ones as a deduction against income. Financial institutions are required to write off loans when they become delinquent by a certain amount.

References in periodicals archive ?
The two loan categories that comprise the largest shares of total net charge-offs are consumer loans and real estate loans.
Certification: Upon examination by the IRS, an insurance company that has used its SSAP 43R credit-related impairment charge-offs of eligible debt items reported on its annual statement as the amount of a Sec.
When we further investigate examiner strictness using our second strictness measure, the ratio of loan loss reserves today to loan charge-offs tomorrow [TABULAR DATA OMITTED] ([RES.
Increase charge-off rate by 25% and reduce MPR by 15%: 'Asf'; 'Asf'; 'BBBsf'
Net charge-offs for FDIC institutions in the first quarter of 2013 are at 16 billion, falling from 18.
When a loan held in a CMBS trust becomes delinquent, the trust has no need to charge it off--instead, the market naturally takes a charge-off by repricing the securities backed by that loan.
The company registered a 22% yearly improvement in delinquencies and a 17% reduction in charge-offs in 2010, which S&P believes would continue as the global economy recovers.
Citibank, a unit of Citigroup, Inc (NYSE: C), has announced that its credit card charge-offs have dropped.
s credit business experienced increased charge-offs in March as well as higher delinquencies.
First National Bank of Springdale is the only bank in Washington County that reported a positive recovery for net charge-offs to loans for 2000.
The IRS position is that such gain is properly attributable to market discount, not to previous charge-offs, and that such an expansion of the deemed charge-off rule would be beyond the regulation's intended scope.
For the banking system as a whole, net charge-offs rose to 1.