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 ?
An analysis of repeat participant data substantiates the trend as their cumulative charged off dollar increase (44 percent) is slightly higher than the delinquent dollar increase (39 percent) resulting in a slight rise in the dollar charge off rate year-over-year.
Specifically, the complaint charges that defendants misrepresented the Company's credit quality remained stable throughout the quarter and that its charge off rate for bad loans would be between 10% and 10.
Excluding the $796,000 estimated charge off related to the one large credit, net charge offs for the third quarter are estimated to be approximately $291,000, or 0.
To comply with the new FFIEC regulations, Bank One/First USA will now charge off bankrupt and deceased accounts 60 days after notification.
The service said it expected a 20% or a deeper drop in charge offs in Sallie Mae's traditional loan portfolio by the end of 2012 as well as lower charge-offs in its non-traditional loans.
Charge offs, the share of debt that the bank can no longer collect, dropped significantly in November.