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The total amount on a credit responsibility that a loan provider no further expects to be repaid and writes down as a bad financial obligation. See also Charge Off.

The total amount on a credit responsibility that a loan provider no further expects to be repaid and writes down as a bad financial obligation. See also Charge Off. A written purchase instructing a standard bank to spend straight away on need a specified sum of money through the check journalist’s account towards the individual […]

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