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Glossary and terms about credit cardsHome » Credit Card Glossary
Charge-off Rate
The charge off rate is a formula used in the industry, it is the number of charge offs which is divided by the average outstanding credit card balances owed to the specific credit card issuer. Charge-off is actually an accounting term that means a company has decided it has no chance to collect a debt and charges it off its books. A rising charge-off rate is a sign of an economy under stress.