Glossary of Bankruptcy

CHARGED OFF

charged off: translation

charged off
This is an accounting term that means the creditor does not expect to collect on the debt. It relates to the creditor's taxes. It starts time periods under the Fair Credit Reporting Act. It does not mean that the debt is no longer legally enforceable. (Bankruptcy in Brief)

United Glossary of Bankruptcy Terms2012.


  1. charged off—списывать со счта списывать в расход амортизировать приписывать...Англо-русский дополнительный словарь