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A charge-off is an item on the company's income statement that is not collectible and is subsequently written off the balance sheet. A charge-off is an item on the company's income statement that is not collectible and is subsequently written off the balance sheet.
Dictionary entry overview: What does rush off mean? â¢ RUSH OFF (verb) The verb RUSH OFF has 1 sense: 1. depart in a hurry Familiarity information: RUSH OFF used as a verb is very rare.