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GCO

It stands for gross charge-off; the amount of finance (loans extended) that is not recovered by a lender (e.g., a...

    Gross Charge-Off

    The amount of finance (loans extended) that is not recovered by a lender (e.g., a bank). In other words, it...

      NCO

      It stands for net charge-off; the difference between the amount of gross charge-offs (GCO), or simply charge-offs, and any recoveries...

        Net Charge-Off

        The difference between the amount of gross charge-offs (GCO), or simply charge-offs, and any recoveries of a delinquent debt. The...