write-off
noun
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Origin of write-off
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British Dictionary definitions for write-off
verb (tr, adverb)
- to cancel (a bad debt or obsolete asset) from the accounts
- to consider (a transaction, etc) as a loss or set off (a loss) against revenues
- to depreciate (an asset) by periodic charges
- to charge (a specified amount) against gross profits as depreciation of an asset
noun write-off
- the act of cancelling a bad debt or obsolete asset from the accounts
- the bad debt or obsolete asset cancelled
- the amount cancelled against gross profits, corresponding to the book value of the bad debt or obsolete asset
Idioms and Phrases with write-off
Reduce an asset's book value to zero because it is worthless, as in The truck was wrecked completely, so we can write it off. [Late 1600s]
Cancel from an account as a loss, as in Since they'll never be able to pay back what they owe, let's just write off that debt. [Late 1800s] Also see charge off, def. 2.
Regard as a failure or worthless, as in There was nothing to do but write off the first day of our trip because of the bad weather, or She resented their tendency to write her off as a mere housewife. [Late 1800s]
Amortize, as in We can write off the new computer network in two years or less. Also see charge off, def. 2.