Sentence examples for write off balances from inspiring English sources

Unlike rival American Express, Visa doesn't have to write off balances of deadbeat consumers; that responsibility belongs to banks that issue its cards.

Throughout the financial system and within government, a sense is taking hold that the only effective way to stem foreclosures is to write off loan balances.

The Treasury has resisted calls to push lenders to write off loan balances, concerned that such a course would either threaten the health of banks by forcing them to swallow billions of dollars in write-offs or cost taxpayers additional money.

–You sell your principal residence in a short sale, where the sales proceeds are less than you owe and the lender writes off the balance.

Grameen Bank routinely reschedules loans and at the time of rescheduling makes a 50percentt provision against the rescheduled amount, makes a 100percentt provision against the unrepaid amount at the end of the second year and writes off the entire balance of rescheduled loans at the end of the third year, even as repayment continues.

In addition, the firm has agreed to write off all outstanding balances on accounts affected by this practice; and write off or refund interest and fees added to customers' accounts after the point at which the firm should have provided customers with an annual statement.

A further 456 will receive both a cash refund and have their loan balance written off.

Revolving credit balances, mostly credit cards, have generally been falling as demand declined, consumers used their cards less or paid them off, and banks wrote off nonperforming balances.

Some of the decline can be attributed to banks writing off delinquent balances, but the rate of such write-offs has fallen in recent months.

The Treasury Department said in a statement that it had recovered $11.2 billion of the $12.5 billion it lent to Chrysler and that it would write off the bulk of the balance.

The article continued: The Treasury Department said in a statement that it had recovered $11.2 billion of the $12.5 billion it lent to Chrysler and that it would write off the bulk of the balance.