charge-off

or charge·off

[ chahrj-awf, -of ]

noun

1. a write-off, especially of a bad loan by a bank.

Word History and Origins

Origin of charge-off¹

charge + (write)-off ( def )

Example Sentences

Meanwhile, the charge-off rates and 30-day delinquency rates have climbed.

From Seattle Times

Meanwhile, the charge-off rates and 30-day delinquency rates have climbed.

From Seattle Times

A recent report from the credit rating company Moody’s showed that credit card delinquency rates and charge-off rates, or the percent of loans that a bank believes will never be repaid, are now well above their 2019 levels and are expected to keep climbing.

From Seattle Times

At Synchrony Bank, the largest issuer of retail co-brand credit cards, the charge-off rate jumped from 3.5% to 5.6% in a year.

From Seattle Times

Meanwhile, the charge-off rates and 30-day delinquency rates have climbed.

From Seattle Times