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  2. How to write off repayment of a business loan - AOL

    www.aol.com/finance/write-off-repayment-business...

    Short-term loans: If your business takes a short-term loan and repays it in full during the course of a year, all of the interest associated with that loan can be written off.

  3. Write-off - Wikipedia

    en.wikipedia.org/wiki/Write-off

    In business accounting, the term "write-off" is used to refer to an investment (such as a purchase of sellable goods) for which a return on the investment is now impossible or unlikely. The item's potential return is thus canceled and removed from ("written off") the business's balance sheet. Common write-offs in retail include spoiled and ...

  4. Loan receivable - Wikipedia

    en.wikipedia.org/wiki/Loan_receivable

    Loan receivable is a banking term for an asset account that shows amounts owed by borrowers. The lender's ledger details all unpaid amounts from borrowers. Loans receivable are handled logically and transparently, like other accounting processes. [1] The balance sheet shows loans receivable as current assets if they are repaid within one year ...

  5. Current Expected Credit Losses - Wikipedia

    en.wikipedia.org/wiki/Current_Expected_Credit_Losses

    Current Expected Credit Losses (CECL) is a credit loss accounting standard (model) that was issued by the Financial Accounting Standards Board on June 16, 2016. [1] CECL replaced the previous Allowance for Loan and Lease Losses (ALLL) accounting standard. The CECL standard focuses on estimation of expected losses over the life of the loans ...

  6. I'm a Business Owner. What Expenses Can I Write Off on ... - AOL

    www.aol.com/finance/write-off-expenses-businesss...

    A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. When a business spends money on equipment or ...

  7. Pros and cons of unsecured business loans - AOL

    www.aol.com/finance/pros-cons-unsecured-business...

    Alternatives to unsecured business loans. Unsecured business loans are just one source of funds that your company can consider. There are many other ways to get funding or borrow money for your ...

  8. Charge-off - Wikipedia

    en.wikipedia.org/wiki/Charge-off

    A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off.

  9. Non-performing loan - Wikipedia

    en.wikipedia.org/wiki/Non-performing_loan

    Fostering secondary markets for NPLs that can offer the mechanism and liquidity required to write off bad loans. Many companies see a business opportunity in buying NPL's. Buying NPL's from financial institutions with a discount, can be a lucrative business. Companies pay from 1% to 80% of the total loan and become the legal owner (creditor).