charge off

verb

charged off; charging off; charges off

transitive verb

: to treat as a loss or expense
charge-off noun

Examples of charge off in a Sentence

Recent Examples on the Web
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
But here’s the kicker: The amount of credit card debt that U.S. banks have charged off (see net charge-off) has increased by an alarming 189%. Ivan Illan, Forbes, 23 Oct. 2024 Interest is charged off the higher balance going forward. Next Avenue, Forbes, 11 Oct. 2024 However, there are reportedly high charge off rates hampering the deals (other companies, such as Ally, are also noting an increase in payment delinquencies). Jj Kinahan, Forbes, 11 Sep. 2024 Eventually, the debt can be charged off and may be turned over to a debt collector. Nerdwallet, Orange County Register, 11 July 2024 See all Example Sentences for charge off 

Word History

First Known Use

1841, in the meaning defined above

Time Traveler
The first known use of charge off was in 1841

Dictionary Entries Near charge off

Cite this Entry

“Charge off.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/charge%20off. Accessed 14 Nov. 2024.

Legal Definition

charge off

transitive verb
: to treat as a loss or expense
specifically : to deduct as a bad debt
part of the debt is charged off Code of Federal Regulations
Last Updated: - Updated example sentences
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