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 ?
Using the selected financial data of the bank under consideration, compute for each year (1995-2000) the capital adequacy ratio, loan charge offs ratio, net interest income, net interest margin, rate of return on assets, and the rate of return on equity.
Expected impact on the note rating of increased charge offs and reduced MPR (class A/B/ C):
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.
Global Banking News-16 July 2009-Bank of America says charge offs on credit cards have increased(C)2009 ENPublishing - http://www.enpublishing.co.uk
Expected impact upon the note rating of increased charge offs and reduced MPR (Class A/B/ C):
So, even though there have been some improvements in loan performance at FDIC-insured institutions, the amount of nonperforming loans, noncurrent loans, and net charge offs remain relatively high and the ability of banks to cover the losses from those loans remains relatively low.