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A charge-off is an item on the company's income statement that is not collectible and is subsequently written off the balance sheet. A charge-off is an item on the company's income statement that is not collectible and is subsequently written off the balance sheet.
DEFINITION of 'Charge-Off (Corporate Finance)' A charge-off, in corporate finance, is an item on a company's income statement that is either an uncollectible accounts receivable (non-payment of a bill owed to the company) or otherwise related to a debt owed to the company that is deemed uncollectible and is subsequently written off of the balance sheet.