write-off
Pronunciation
/ɹˈaɪtˈɔf/

Definition & Meaning of "write-off"in English

Write-off
01

the act of canceling a debt or financial obligation, often due to it being deemed uncollectible or not worth pursuing

Grammatical Information
Animacy status
Inanimate
Plural form
write-offs
Examples
They applied the write-off to their financial records, reducing their reported losses.
02

(accounting) reduction in the book value of an asset

03

a period of time in which one fails to accomplish anything

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