Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. Alternative spelling of charge off.

Etymologies

Sorry, no etymologies found.

Examples

  • That is below the industry's charge-off rate of 1.82% in the FDIC's data for the first quarter, the latest available.

    Fed Up: A Texas Bank Is Calling It Quits

  • The net charge-off rate fell to 3.92% from 8.23% a year ago and 4.74% in the second quarter.

    Capital One's Solid Quarter Belies Troubling Signs

  • S&P said Friday the March charge-off rate for bankcard trusts fell to 6.6%, the lowest rate since the second half of 2008, from 6.9% in February.

    March Credit-Card Performance Improves

  • Standard & Poor's Ratings Services' credit-card quality index shows the performance of U.S. bank and private-label credit cards improved in March as an improved employment picture encouraged healthier consumer behavior, leading to lower charge-off and delinquency rates.

    March Credit-Card Performance Improves

  • The charge-off rate in the fourth quarter was better than expected, at 7.08% of loans, and Mr. Braunstein said the bank now expects the first-quarter rate to improve to below 6.5%.

    J.P. Morgan's Dimon Warns About New Capital Rules

  • Meanwhile, Capital One reported a total charge-off ratio, the percentage of loans it doesn't expect to collect and therefore wrote off, of 2.9%, below 3% of total loans for the first time since 2007.

    Capital One Profit Jumps 50%

  • But the charge-off rate for its U.S. card business was 4.74%, down from 9.49% a year ago and the first quarter's 6.2%.

    Capital One Profit Jumps 50%

  • Mr. Braunstein said the charge-off rates, or the rate of loans deemed uncollectible, would improve further in the first quarter.

    J.P. Morgan Profit Jumps 47%

  • The charge-off rate for that unit was down to 7.08% of loans from 8.64% a year earlier, besting the 7.5% rate J.P.

    J.P. Morgan Profit Jumps 47%

  • The net charge-off rate, loans the bank doesn't expect to collect, fell to 2.44% from 3.98%.

    BofA Swings to Loss Amid Mortgage Troubles

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