How to Pronounce "charge off"
expression
ˈtʃɑɹdʒ/ /ˈɔf
CHARJ-awf
t͡ʃɑːd͡ʒ/ /ˈɒf
CHAHJ-of
Definition
To officially record that a debt is unlikely to be collected and remove it from the company's financial records as a loss.
IPA Transcription
American English
ˈtʃɑɹdʒ/ /ˈɔf
British English
t͡ʃɑːd͡ʒ/ /ˈɒf
Simplified Pronunciation
US
CHARJ-awf
UK
CHAHJ-of
Listen in Context
The bank decided to charge off the unpaid loan after six months.
If customers do not pay, companies may charge off the balance.
The credit card debt was charged off after repeated missed payments.
Sometimes an account is charged off, but you might still hear from debt collectors.