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BANKING Sujit Kumar Sharma  Jun 8 2021 10:37AM

What is Charge-off?

Madhu Kapoor  Jun 11 2021 11:10AM

What is Charge-off?

Charge off is a declaration by a lender to a borrower for non-payment of the remaining amount, when borrower badly falls into debt. The unpaid amount is settled as a bad debt.

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