charge off

verb
charged off; charging off; charges off

Definition of charge off

transitive verb

: to treat as a loss or expense

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Other Words from charge off

charge-off \ ˈchärj-​ˌȯf How to pronounce charge-off (audio) \ noun

Examples of charge off in a Sentence

Recent Examples on the Web The Oregon customer, Phillip, says Ziply agreed to take the $10 router-rental charge off his bill—but not right away. Jon Brodkin, Ars Technica, "Frontier users must pay “rental” fee for equipment they own until December," 3 June 2020 No pressure to gather gear, packs and guns and charge off in search of prey, never mind breakfast or the soothing embrace of the campfire relieving the morning chill. Steve Meyer, Anchorage Daily News, "Now’s the time to catch a glimpse of stunning harlequin ducks," 31 May 2020 This means that charging off of many newer devices doesn’t require an adapter, whereas the other models only came with the more old school USB-A cords. Will Egensteiner, Popular Mechanics, "The Best Wireless Headphones for the Office, Traveling, and Working Out," 28 Apr. 2020 Moreover, the canaries in the coal mine—borrowers who aren’t yet charged off, but who are running behind with payments—don’t suggest any imminent danger either. Telis Demos, WSJ, "The Cards Are in Capital One’s Favor," 22 Jan. 2020 To improve my credit score, what’s the best way to clean up debt that has been charged off? Michelle Singletary, Washington Post, "Zombie debt: Sometimes it’s best to let dead debt be," 30 Nov. 2019 Then, the bill may be charged off or sent to a collector, who can report it to the credit bureaus. Washington Post, "Millennial Money: How to take charge of your credit in 2020," 7 Jan. 2020 The lender is charging off the debt as an accounting move to indicate that its value to the creditor is reduced or eliminated and the debt therefore is no longer an asset. Michelle Singletary, Washington Post, "Zombie debt: Sometimes it’s best to let dead debt be," 30 Nov. 2019 The debt was charged off in 2017, and his credit score dipped to 590 as a result. Michelle Singletary, Washington Post, "Zombie debt: Sometimes it’s best to let dead debt be," 30 Nov. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'charge off.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of charge off

1892, in the meaning defined above

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Time Traveler for charge off

Time Traveler

The first known use of charge off was in 1892

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Statistics for charge off

Cite this Entry

“Charge off.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/charge%20off. Accessed 24 Sep. 2020.

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More Definitions for charge off

charge off

transitive verb

Legal Definition of charge off

: to treat as a loss or expense specifically : to deduct as a bad debt part of the debt is charged offCode of Federal Regulations

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