Charge off Meaning in English
expression
释义
To officially record that a debt is unlikely to be collected and remove it from the company's financial records as a loss.
用法与细微差别
Used in finance and accounting, mostly for banks, creditors, and businesses. It doesn't mean the debt is forgiven—collections may still continue. The noun is 'charge-off.' Often used with loans, credit cards, or bad debts.
例句
The bank decided to charge off the unpaid loan after six months.
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If customers do not pay, companies may charge off the balance.
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The credit card debt was charged off after repeated missed payments.
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Sometimes an account is charged off, but you might still hear from debt collectors.
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It hurts your credit when a loan gets charged off, even if you pay it later.
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The company had to charge off millions because of unpaid bills last year.
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