charge off
Definition
Use charge off in a sentence
“ Our accounts receivable department has utilized both written and oral communications to our customers resulting in an overall decrease in charge offs since the prior year. ”
“ My boss told me that we could treat our sales to Sam's Grocery as a charge off because Sam had just gone bankrupt and would not be able to pay. ”
“ When the gambling addict declared personal bankruptcy due to substantial losses at Blackjack, the casino had to take a charge off on his $15,000 debt, as the addict had few assets and numerous creditors. ”