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What are charge-offs?

What are charge-offs? Here are some definitions.

Noun
  1. plural of charge-off
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Examples
The relatively stable performance and low charge-offs of commercial mortgages through the recent recession, however, have helped, rather than hurt, the stability of banks.
Still, it reported in a recent filing that it, too, is bracing for more delinquencies and charge-offs.
With delinquencies and net charge-offs low, it shows quality loans are being made.
Net charge-offs are loans that arc deemed to be unrecoverable after being written off.
Your credit history includes charge-offs, bad debts, and late payments for a period of seven years.
As filings fell, so should have charge-offs for credit card providers.

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