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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.
to be on charge meaning, to be on charge definition | English Cobuild dictionary. charge. 1 verb If you charge someone an amount of money, you ask them to pay that amount for something that you have sold to them or done for them.