Charge-off
Banking
The balance on a credit obligation that a lender no longer expects to be repaid and writes off as a bad debt.
- — Dictionary of Banking Terms and Phrases
- — Dictionary of Banking Terms and Phrases retrieved 2014-05-16
Personal Finance
The balance on a loan, or negative share draft account, that a financial institution no longer expects to be repaid and writes off as a bad debt.
- — Pocket Cents Glossary retrieved 2014-05-16
Real Estate
The portion of principal and interest due on a loan that is written off when deemed to be uncollectible.