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Write-off
01
the act of canceling a debt or financial obligation, often due to it being deemed uncollectible or not worth pursuing
Example
They applied the write-off to their financial records, reducing their reported losses.
A write-off was necessary because the customer ’s bankruptcy made repayment impossible.
It was a significant write-off, but the business had no choice but to move on.
02
लेनदेन नष्ट करना, हिसाब में कमी
(accounting) reduction in the book value of an asset
03
गिर्दाब, व्यर्थ समय
a period of time in which one fails to accomplish anything
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