Definitions
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- noun Alternative spelling of
charge off .
Etymologies
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Examples
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The charge-off rate for that unit was down to 7.08% of loans from 8.64% a year earlier, besting the 7.5% rate J.P.
J.P. Morgan Profit Jumps 47% David Benoit 2011
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The net charge-off rate, loans the bank doesn't expect to collect, fell to 2.44% from 3.98%.
BofA Swings to Loss Amid Mortgage Troubles David Benoit 2011
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The charge-off rate in the fourth quarter was better than expected, at 7.08% of loans, and Mr. Braunstein said the bank now expects the first-quarter rate to improve to below 6.5%.
J.P. Morgan's Dimon Warns About New Capital Rules David Benoit 2011
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Mr. Braunstein said the charge-off rates, or the rate of loans deemed uncollectible, would improve further in the first quarter.
J.P. Morgan Profit Jumps 47% David Benoit 2011
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Meanwhile, Capital One reported a total charge-off ratio, the percentage of loans it doesn't expect to collect and therefore wrote off, of 2.9%, below 3% of total loans for the first time since 2007.
Capital One Profit Jumps 50% Matthias Rieker 2011
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Standard & Poor's Ratings Services' credit-card quality index shows the performance of U.S. bank and private-label credit cards improved in March as an improved employment picture encouraged healthier consumer behavior, leading to lower charge-off and delinquency rates.
March Credit-Card Performance Improves Melodie Warner 2011
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The net charge-off rate fell to 3.92% from 8.23% a year ago and 4.74% in the second quarter.
Capital One's Solid Quarter Belies Troubling Signs Andrew R. Johnson 2011
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That is below the industry's charge-off rate of 1.82% in the FDIC's data for the first quarter, the latest available.
Fed Up: A Texas Bank Is Calling It Quits Robin Sidel 2011
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S&P said Friday the March charge-off rate for bankcard trusts fell to 6.6%, the lowest rate since the second half of 2008, from 6.9% in February.
March Credit-Card Performance Improves Melodie Warner 2011
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But the charge-off rate for its U.S. card business was 4.74%, down from 9.49% a year ago and the first quarter's 6.2%.
Capital One Profit Jumps 50% Matthias Rieker 2011
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