write-off

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  • 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

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References in periodicals archive ?
As a percent of total loans and leases, total net charge-offs have fallen from about 0.
Boehm said the total amount of business at TBF represents charge-offs from a variety of financial institutions, not just lessors, but also banks and other types of financial services companies.
banks have now recognized about three-fourths of their crisis-related loan charge-offs," said Joseph Pucella, Moody's vice president-senior analyst, financial institutions group.
He said that 30 to 40 percent of the company's charge-offs are historically derived from bankruptcy filings, while the remainder stems from credit losses that are passed to collections.
If you settle, the account will most likely be reported as "settled charge-off.
The charge-off requirement is satisfied for a debt when a portion of the debt is removed from a taxpayer's books and records.
The ten largest banks made much larger loss provisions than in 1990; nevertheless, reflecting charge-offs, their loss reserves as a percentage of loans still fell.
banks--those having assets under $1 billion--had the lowest rate of construction charge-offs, the lowest construction loan noncurrent rate and the lowest rate of loans emerging 30-89 days past due.
Net charge-offs for FDIC institutions in the first quarter of 2013 are at 16 billion, falling from 18.
The broker that brought the deal to TBF is not new to the concept of selling charge-offs.
s credit business experienced increased charge-offs in March as well as higher delinquencies.
In addition, most of the respondents who cited charge-offs of these loans reported an increase in merger-related charge-offs from 1989 to 1990.
As Fitch had been expecting, charge-offs continued to rise across the credit card sector.
10, 2012 /PRNewswire/ -- TBF Financial announced this week that it has acquired a commercial small-ticket portfolio from a bank that had $25 million in outstanding charge-offs on leases and loans.
Many people in the financial services industry believe charge-offs have been the leading factor in declining credit card debt since the start of the recession," said Ezra Becker, vice president of research and consulting in TransUnion's financial services business unit.