Bank Branch Manager Question:

Tell me what is Charge-off?

Tweet Share WhatsApp

Answer:

Charge off is a declaration by a lender to a borrower for non-payment of the remaining amount, when borrower badly falls into debt. The unpaid amount is settled as a bad debt.

Read All 80 Banking Branch Manager Questions
Previous QuestionNext Question
Tell us what is the card based payments?Do you know what is Payday loan?