Charge Off

Business, Legal & Accounting Glossary

Definition: Charge Off


Charge Off


Full Definition of Charge Off


Accounts receivable that will likely remain uncollectable and will be written off. Charge offs appear as an expense on the company’s income statement, thus reducing net income. In general, companies make an estimate of charge off expenses that might be incurred in the current time period based on past records as part of the process of estimating earnings. Most companies make a charge off allowance since it is unlikely that all of their creditors will pay them in full. also called bad debt.


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https://payrollheaven.com/define/charge-off/
Modern Language Association (MLA):
Charge Off. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 https://payrollheaven.com/define/charge-off/.
Chicago Manual of Style (CMS):
Charge Off. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/charge-off/ (accessed: December 06, 2021).
American Psychological Association (APA):
Charge Off. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/charge-off/

Definition Sources


Definitions for Charge Off are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 1 Views.