De-recognition (write-off, charge-off, discharge)

Generally, the removal of an asset or liability – or part thereof – from a company’s balance sheet (the process of no longer booking an asset on balance sheet, often connected with now booking it as off balance-sheet). – The loan granted by a bank has been – classified as non-performing, – assessed for collectibility with no prospect of recovery, and – is therefore no longer carried on the books. – See default, default-loss, reintermediation, loan, non-performing debt, non-performing.

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