Charge-off Rate definition

Charge-off Rate with respect to a Collection Period will equal the Aggregate Net Losses with respect to the Receivables expressed, on an annualized basis, as a percentage of the average of the (i) Pool Balance on the last day of the immediately preceding Collection Period and (ii) Pool Balance on the last day of such current Collection Period.

Charge-off Rate means, with respect to a Collection Period, the percentage equivalent of a fraction, the numerator of which is the Aggregate Net Losses for such Collection Period, and the denominator of which is the average of (i) the Pool Balance on the last day of the Collection Period immediately preceding such Collection Period and (ii) the Pool Balance on the last day of such Collection Period; such quotient is then multiplied by twelve to arrive at an annualized percentage.

Charge-off Rate means, with respect to a Collection Period, the percentage equivalent of a fraction, the numerator of which is the Aggregate Net Losses for such Collection Period, and the denominator of which is the average of (i) the aggregate Principal Balance on the last day of the Collection Period immediately preceding such Collection Period and (ii) the aggregate Principal Balance on the last day of such Collection Period; such quotient is then multiplied by twelve to arrive at an annualized percentage.

Examples of Charge-off Rate in a sentence

• Net Charge-off Rate is calculated as our annualized net charge-offs for the period divided by the average Unpaid Principal Balance outstanding.

• Net Principal Charge-off Rate represents net principal charge-off dollars (annualized) divided by average loans for the reporting period.

• Allowance as a % of Loans Held for Investment, Net Charge-off Rate and 30+ Day Performing Delinquency Rate include period end loans held for investment and average loans held for investment acquired as part of the Chevy Chase Bank, FSB (CCB) acquisition.

• Loan Chargeoff Rate is the ratio of charge-offs on commercial and industrial loans (C&I) by the volume of C&I lending in the pervious year.

• The TCCP sample issuers’ outstanding credit amounted to $246 billion in January of 1995, or about 96 percent of the total.Table 5 Bank Delinquency and Charge-off Rates as Functions of Terms of Credit Card PlansBank BankDelinquency Charge-off Rate Ratecharge-off rates.

More Definitions of Charge-off Rate

Charge-off Rate means, with respect to a Due Period, the Aggregate Net Losses with respect to the Mortgage Loans expressed, on an annualized basis, as a percentage of the average of (x) the Pool Balance on the last day of the immediately preceding Due Period and (y) the Pool Balance on the last day in such Due Period.

Charge-off Rate means, with respect to any Collection Period, the Aggregate Net Losses with respect to 1997-A Contracts that became Charged-off Contracts during such Collection Period expressed, on an annualized basis, as a percentage of the average of (i) the Aggregate Net Investment Value on the last day of the immediately preceding Collection Period and (ii) the Aggregate Net Investment Value on the last day of such Collection Period.

Charge-off Rate means, with respect to any Monthly Period, the annualized percentage equivalent of a fraction (a) the numerator of which is the aggregate outstanding principal balance of all Receivables that became Defaulted Receivables during such Monthly Period net of Recoveries and (b) the denominator of which is the aggregate amount of Principal Receivables as of the last day of the prior Monthly Period.

Charge-off Rate means the rate expressed as a percentage, as of the last day of any calendar month, of the product of:

Charge-off Rate means, as of any Payment date, the average of the Monthly Charge-off Rates for the three Due Periods immediately preceding the Due Period in which such Payment Date occurs.

Charge-off Rate means the ratio of (a) the principal amount of the platform’s underlying receivables that are charged off in a given period, to (b) the total amount of current receivables outstanding three periods prior to the testing period (assuming the platform charges off non-performing receivables at 61 days).

Charge-off Rate with respect to a Collection Period means the Aggregate Net Losses with respect to the Receivables expressed, on an annualized basis, as a percentage of the average of the (i) Pool Balance on the last day of the Collection Period immediately preceding such Collection Period and (ii) Pool Balance on the last day of such Collection Period.