


|

|
Topic
Top news source/blog that we're missing
Why do you recommend this news source?
|
||

| This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. |
A "charge off" is made by a company when they deem an asset to have a lower fair value than recorded 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.



| ||||||
