charge-off
loan written off as uncollectible bad debt. When full repayment is considered unlikely, loans are removed from the lender's balance sheet and charged against the loan loss reserves account for bad debt.
CHARGE-OFF - An unpaid portion of a bill that a lender has accepted will never be paid and has recorded...
CHARGE-OFFS - Loans or debts that have gone unpaid by the creditor. The creditor "gives up" on collecti...
Charge-Off: the portion of principal and interest due on a loan that is written off when deemed to be uncollectible.
Clear Title: a property title that has no defects. Properties with clear titles are marketable for sale.
Charge-Off - An accounting transaction removing an uncollectible balance from the active receivable accounts.
Charged Off Loan - An uncollectible loan for which the principal and accrued interest were removed from the receivable accounts.
Charge-off:
The balance on a credit obligation that a lender no longer expects to be repaid and writes off as a bad debt.
Check : ...
Net Charge-Off Rate
The dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt.
With charge-offs (debts written-off by banks) increasing, banks established debt settlement departments staffed with personnel who were authorized to negotiate with defaulted cardholders to reduce the outstanding balances in hopes to recover funds ...
Direct Charge-Off Method (business term)
Bad-Debt Recovery (business term)
Business Bad Debt (business term)
deadbeat (in marketing) ...
To bring your credit score up in a hurry, you can also dispute any negative notation or remarks - like a 30-day past-due payment or charge-off - on your credit reports.
A term used in asset backed securities to describe the amount by which the yield from the loan collateral, net of charge-offs, exceeds the sum of the servicing fee and the interest paid to holders of the security.
exchange traded ...
receivable that is considered uncollectible and is written off by a firm. (Reserves are usually maintained for uncollectible accounts.) The relationship of recoveries and write-offs to accounts receivable can indicate a firm's credit and charge-off ...
Getting in with the wrong company can cause all sorts of issues and problems, such as high fees or resorting to charge-offs with the creditors rather than paying off the balance in full.
 See also: Banks, Expense, Career, Acquisitions, Mergers
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