What is the meaning of Charge-off?

Charge-off is an unpaid portion of a bill that a lender has accepted will never be paid and has recorded on the books as a bad debt. It is a serious negative item on a credit report.

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APABarry Goldsmith. (2010). charge-off. Retrieved September 22, 2026, from http://smartdefine.org/charge-off/definitions/1149806
ChicagoBarry Goldsmith. 2010. "charge-off" http://smartdefine.org/charge-off/definitions/1149806 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, charge-off, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/charge-off/definitions/1149806>.
MLABarry Goldsmith. "charge-off" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/charge-off/definitions/1149806>