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Acronyms that contain the term charge-off
Page #26What does charge-off mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: charge-off.
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What does charge-off mean?
- Charge-off
- A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off.
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"charge-off." Abbreviations.com. STANDS4 LLC, 2024. Web. 7 Jun 2024. <https://www.abbreviations.com/charge-off>.
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