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

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

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

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