Write-off

Quick meaning: Write-off is a noun meaning (accounting) The cancellation of an item; the amount cancelled or lost.

Meaning

(accounting) The cancellation of an item; the amount cancelled or lost.

More Meanings

1. Something that is now worthless (such as a car after an accident).
2. Nonstandard form of write off.

Example Sentences

This has spurred major efforts to write-off loans by the two pilot banks and considerable progress at the largest of the SOCBs (the ICBC).

Provided that where the Collector or any of his subordinates is responsible for the collection of any tax, […] the power to write-off such tax, […] on the ground of its being irrecoverable, shall be exercised by the Commissioner of Land Administration […]

If you are eager to manufacture the recharging unit, the analyst will be tempted to write-off the equipment over its physical life and provide you with a lower breakeven volume. If you prefer to outsource, the analyst will be tempted to write-off the equipment over its tax life and provide you with a higher breakeven volume.

Word Forms

• write-offs
• writeoff
• writes-off
• writing-off
• written-off

Synonyms for write-off

Depending on context, synonyms include write-down.

Related Words

Related dictionary entries include write-down, discount, liquidation, amortization, amortisation, repayment.

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