charge off

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charge off

1. To move hastily from a particular place or thing. We charged off when we heard the sirens approaching. After a few minutes of painting, the kids charged off to the next activity station at the birthday party.
2. To pay for something from a specific account or category of funds. In this usage, a noun or pronoun is often used between "charge" and "off." When you're traveling, just charge everything off your company account. A: "Will I get reimbursed if I charge this plane ticket off my personal bank account?" B: "You can just charge it off petty cash."
3. To attribute something to something else (which is stated after "to"). They're a very young team, so we'll charge off this loss to inexperience and nerves.
See also: charge, off

charge off

to move quickly or run away. He got angry and charged off. Juan charged off to talk to the boss.
See also: charge, off

charge off

1. Hurriedly depart, run away, as in After a few minutes, she charged off to the next exhibit. This term alludes to the military meaning of charge, "attack impetuously." [Early 1500s]
2. Also, charge against. Consider or count as an accounting loss or expense, as in I'm charging off this purchase to overhead, or Let's charge the new computer against office supplies. [Late 1800s] Also see write off.
3. Attribute to, blame something for, as in We can charge off these errors to inexperience.
See also: charge, off
References in periodicals archive ?
166(a)(2) if the amount deducted matches the amount of credit-related impairment charged off by the insurance company under National Association of Insurance Commissioners (NAIC) Statement of Statutory Accounting Principles (SSAP) 43R for eligible loans as reported on the company's annual statement.
The amount charged off is carried through the institution's books and results in a reduction in the balance of loans outstanding and--because the loan was delinquent--a commensurate reduction in the balance of delinquent loans.
But the filings also showed that the volume of card balances being charged off remained high for all the card brands.
Due to an increase in volume in bankruptcies, Capital One had extended the processing time so that bankrupt accounts are charged off within 30 days, instead of the previous 2 to 3 day processing time.
A charged off account is a past due balance, usually 6 months old or more, that a lender counts as a business loss.
The charge-off rate equals dollars charged off divided by the total dollars disbursed.
In the same period, more than 200 cardholders whose accounts were eventually charged off may have also committed bank fraud by writing three or more NSF checks to the Bank of America.
A clarification that collateralized loans due to be charged off under the policy can be written down to the collateral's value, less cost to sell, instead of being entirely charged off
Any recovery of an amount previously charged off is added to the reserve balance upon its collection.
Avert Repo is a program to help lenders in the final stages of the collections process before accounts are charged off and sent for repossession.
More than $40 million worth of other consumer loans were charged off in 2009, including $19 million in indirect loans.
166-1(c)) is recoverable only in part, the IRS may allow the amount that has become worthless as a deduction only to the extent charged off during the tax year (specific charge-off method).
In prior months the servicers had charged off relatively few loans, although there were large amounts in the 180+ bucket.
Overall, what we saw is that our charge-offs in the card portfolio increased sharply from the end of 2007 to the end of 2008," Wirz explained, pointing to a graph that indicated the percentage in the number of accounts charged off had moved up from 2.
Under the regulations, a taxpayer is deemed to have charged off a modified debt if: (1) the debt was significantly modified during the tax year and the modification resulted in gain recognition by the taxpayer under Regs.