write-off

(redirected from Charge-Off)
Also found in: Dictionary, Legal, Financial, Encyclopedia, Wikipedia.
  • noun

Synonyms for write-off

(accounting) reduction in the book value of an asset

the act of cancelling from an account a bad debt or a worthless asset

Related Words

References in periodicals archive ?
Since the composition of net charge-offs tends to vary over time, we construct a quarterly charge-off concentration index akin to those used to measure market concentration.
Franchise charge-off percentages were higher than SBA total charge-off percentages in four years and were lower in two years.
The Tax Court in Findley, 25 TC 311 (1955), stated that, in the case of a debt that has become partly worthless, the charge-off is an act "to perpetuate evidence of taxpayer's election to abandon part of the debt as an asset.
Bob DiGennaro, senior vice president of collections and recovery-Americas at private-label retail credit card provider GE Consumer Finance, said the company saw a dip in total charge-offs and bankruptcy filings in the first quarter, adding that it is too early to disclose specific figures.
The lack of good recovery post charge-off is one factor that further impacts the overall performance of the Credit Unions.
The broker that brought the deal to TBF is not new to the concept of selling charge-offs.
So while charge-offs have played a major role in lower credit card debt levels, it was not the only factor.
If you settle, the account will most likely be reported as "settled charge-off.
s credit business experienced increased charge-offs in March as well as higher delinquencies.
The charge-off requirement is satisfied for a debt when a portion of the debt is removed from a taxpayer's books and records.
These banks had a lower proportion of nonperforming assets, lower charge-off rates, and a smaller concentration of commercial real estate loans than did banks in the nation as a whole.
Included in the pro forma net charge-off rate are those losses associated with the purchased credit card receivables.
166-3T provides banks with a deemed charge-off if they meet the following requirements:
At this large subset of the banking industry, which accounts for nearly 80 percent of bank assets, the net charge-off rate on all loans rose from 1.
Most accrual-basis taxpayers must use the specific charge-off method of computing the bad debt deduction, which allows the taxpayer to deduct business debts at the point at which the debt becomes wholly or partially worthless (as long as the income that created the debt was previously included in income).
Full browser ?