Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. Plural form of charge-off.

Etymologies

Sorry, no etymologies found.

Examples

  • The amount of loans it had to write off as uncollectible, known as charge-offs, dropped to $2.84 billion from $4.49 billion last year.

  • The amount of loans it wrote off because of default, known as charge-offs, dropped for the sixth straight quarter to $2.84 billion from $4.49 billion last year.

    Yahoo! News: Business - Opinion

  • The company's net U.S. card charge-offs rose to $378 million, or 8.4 percent, from $368 million, or 8.2 percent, in August, Capital One said in a regulatory filing.

    Northrop prepares to spin off ship unit

  • J.P. Morgan said charge-offs fell to 7.78% last month from 8.18% in August.

    Card Issuers Wrestle With Slow Pace of Recovery

  • Shares of Capital One Financial Corp., a card-lender-turned-bank, in afternoon trading fell 6.82% to $37.17, as charge-offs in its U.S. credit-card business rose to an annualized 8.38% in September from 8.19% in August.

    Card Issuers Wrestle With Slow Pace of Recovery

  • Discover Financial Services said charge-offs in September totaled 7.15% of credit-card loans that have been packaged into bonds, down from 7.98% in August.

    Card Issuers Wrestle With Slow Pace of Recovery

  • The bank reported U.S. charge-offs rose again last month after sliding in the first half of 2009 although delinquencies continued to decline.

    Techs Bounce, Banks Tumble

  • Net charge-offs, or loans lenders don't think are collectible, rose to 3.52% of average loans from 2.86% and 2.99%, respectively, as a result of the sold loans that needed to be written off.

    Regions Financial Loss Narrows

  • Net charge-offs, or loans lenders don't think are collectible, fell to 2.69% of average loans from 3.59% and 3.18%, respectively.

    Financial Briefing Book: Oct. 23-24

  • The year-earlier quarter included $415 million of credit-loss provisions in excess of net charge-offs, $76 million of net securities losses and a $39 million gain related to its investment in Visa Inc.

    Bank Profits Rise as Provisions Decline

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