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The total amount for a credit responsibility that the loan provider not any longer expects to be paid back and writes down as a debt that is bad. See also Charge Off.

The total amount for a credit responsibility that the loan provider not any longer expects to be paid back and writes down as a debt that is bad. See also Charge Off. A written purchase instructing an institution that is financial spend straight away on need a specified sum of money through the check author’s account into the individual known…