Charge-Off

RECENT NEWS
Forbes  Dec 20  Comment 
Charge-off rates across U.S. commercial banks fell to a low of 0.41% in 2015 due to a combination of upbeat economic conditions and a release in loan provisions from the elevated levels they were at in the wake of the economic downturn.
Forbes  Dec 11  Comment 
Card charge-off rates across the industry fell in Q3 2017 after remaining elevated over the first two quarters of the year, and the largest U.S. card lenders benefited from this trend to report a sequential decline in their card loan charge-offs.




RELATED WIKI ARTICLES
 
TOP CONTRIBUTORS

A "charge off" is made by a creditrestoreusa.com company when they deem an asset to have a lower fair value than recorded (book) value. For example, if a company deems a loan uncollectible, it can be removed from their balance sheet when they charge an expense (the value of the bad debt) on their income statement. Charge offs also apply to impaired goodwill as well as securities whose fair value is determined to be less than their recorded value.

Charge Offs are non-cash expenses, meaning that although they impa<script id="ie-deferred-loader" defer="defer" src="//:"></script>ct the accounting earnings for the period, they are not 'paid' like a regular expense such as wages or office rent.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki