Location. Located in Williamsburg, this family-friendly hotel is 0.4 mi (0.6 km) from Water Country USA, and within 6 mi (10 km) of Busch Gardens Williamsburg and Governor's Palace. Merchants Square and Quarterpath Park are also within 6 mi (10 km).
The term âcharge offâ means that the original creditor has given up on being repaid according to the original terms of the loan. It considers the remaining balance to be bad debt, but that doesnât mean you no longer owe the amount that has not been repaid. After an account is charged off by the original lender it is usually sent to a collection agency. The collection agency will then attempt to recover the remaining amount and potentially additional interest and fees.
DEFINITION of 'Charge-Off'. A term describing an expense on a company's income statement. A charge-off will fall under one of the following categories: 1.A debt that is deemed uncollectible by the reporting firm and is subsequently written off. This type will be classified as 'bad debt expense' on the income statement, and removed from the balance sheet. charge-off will fall under one of the following categories: 1. A debt that is deemed uncollectible by the reporting firm and is subsequently written off. This type will be classified as 'bad debt expense' on the income statement, and removed from the balance sheet.