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1. A debt that is deemed uncollectable and written off. Also known
as a bad debt.
2. A one time expense incurred by a company that negatively affects
earnings.
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Companies
often say something like: "we will take a one-time charge against
earnings this quarter". This means there has been an extraordinary
event which, although it affects earnings will not occur again in
the future. As a result they will usually give an EPS figure with
and without this charge. |
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