Sentence examples for be charged off from inspiring English sources

How much of the Wells Fargo small-business loan portfolio had to be charged off?

Sullivan's scam was reducing the current expense of line connections by reclassifying them as capital investments, which can be charged off over many years.

If the goodwill on the books of a company is greater than the current market value of the asset, then the goodwill is deemed "impaired" and it must be charged off.

Now, without the revenue used to justify the amortization of the expense, the entire remaining portion of the reclassified line costs must be charged off by restating earnings for past quarters.

Typically, this debt is "charged off" and sold to collection agencies, for pennies on the dollar.

MR. BERNSTEIN: Well, many businesses have closed in the Great Recession, and many bank loans to small businesses were charged off.

"There is probably as much loss prospectively facing the banking industry as a whole on residential real estate exposures as have already been charged off".

Since the site's re-launch in mid-July, just 6% of its loans have been charged off.

In the three years that followed when most of these expenses had been charged off, the company's reported profits were sharply higher on lower sales.

To get the number, a credit card company compares bad loans being charged off now meaning, the borrower stopped paying six months ago with loans outstanding today.

If the actual level of bad loans exceeds the bank's estimate, the difference is charged off against the shareholders' equity line on the balance sheet.