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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
Examples
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.
02
(accounting) reduction in the book value of an asset
03
a period of time in which one fails to accomplish anything
