write-off

write-off
Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets. Bloomberg Financial Dictionary

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write-off ˈwrite-off also writeoff noun
1. [countable, uncountable] an official agreement stating that someone does not have to pay a debt:

• The 20% write-off of Argentinian debt had been expected.

2. [countable, uncountable] ACCOUNTING when all or part of the value of an asset as shown in a company's accounts is reduced:

• a write-off of obsolete or redundant stock

3. [countable] INSURANCE a vehicle that an insurance company decides has been so badly damaged that it is not worth repairing

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write-off UK US /ˈraɪtɒf/ noun [C]
FINANCE, ACCOUNTING an amount of money that has been lost, for example, from a bad investment or a debt that will never be paid, shown as a loss in a company's accounts: asset/bad-debt/goodwill write-offs »

The credit card company projected that bad-debt write-offs would be $4.9 billion.

»

charitable/tax write-offs

Compare CHARGE-OFF(Cf. ↑charge-off)
UK INSURANCE a vehicle that is too damaged to repair: »

Her car is a complete write-off.


Financial and business terms. 2012.

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Look at other dictionaries:

  • write-off — write offs 1) N COUNT Something such as a vehicle that is a write off has been so badly damaged in an accident that it is not worth repairing. [BRIT] The car was a write off, but everyone escaped unharmed. 2) N COUNT A write off is the decision… …   English dictionary

  • write off — vt 1: to eliminate (an asset) from the books: enter as a loss or expense write off a bad loan 2: to use as a deduction in calculating taxable income write off the cost as a business expense Merriam Webster’s Dictionary o …   Law dictionary

  • write–off — / rīt ˌȯf/ n 1: the elimination of an asset or amount due from the books 2: tax write off Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • write-off — n 1.) BrE a vehicle that has been so badly damaged that it can never be used again ▪ The car was a complete write off. 2.) a period of time when you fail to achieve anything ▪ This morning was a complete write off. 3.) an official agreement that… …   Dictionary of contemporary English

  • Write-Off — Списание (Write Off) сокращение стоимости актива или дохода из за увеличения количества расходов или убытков. Компании могут списать определенные расходы или провести их как операции по бизнесу и удержать из доходов. Например, выдан кредит,… …   Финансовый словарь

  • write-off — index bad debt Burton s Legal Thesaurus. William C. Burton. 2006 write off …   Law dictionary

  • write-off — noun count 1. ) an agreement that allows someone not to pay back the money they owe 2. ) something or an amount of money that a business or person does not have any more, or the record of such a loss 3. ) a period of time when you fail to achieve …   Usage of the words and phrases in modern English

  • write off — ► write off 1) dismiss as insignificant. 2) cancel the record of (a bad debt); acknowledge the failure to recover (an asset). 3) Brit. damage (a vehicle) so badly that it cannot be repaired or is not worth repairing. Main Entry: ↑write …   English terms dictionary

  • write-off — [rītôf΄] n. something written off, amortized, etc …   English World dictionary

  • write-off — write′ off n. 1) bus a cancellation from the accounts as a loss 2) bus a reduction in book value; depreciation 3) cvb inf a person or thing that is given up as hopeless or pointless • Etymology: 1745–55 …   From formal English to slang

  • write off — [v] devalue; forget about cancel, cross out, decry, depreciate, disregard, downgrade, give up, lower, mark down, shelve, take a loss on, underrate, undervalue; concept 54 Ant. figure …   New thesaurus

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