Re: charge off

Posted by observer (205.188.208.41) on July 18, 2003 at 18:28:23:

In Reply to: charge off posted by trouble in paradise on July 18, 2003 at 17:58:23:

Chargeoff is an accounting term. It just means shareholders and regulators are being informed that chances of this debt preforming are nil.Finical institutions are required by law to chargeof accounts at 180 days from default.

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