write-off

plural write-offs · alternative writeoff

1. accountingThe cancellation of an item; the amount cancelled or lost.

   The corporation took a $5 million write-off in the second quarter.

2. Something that is now worthless (such as a car after an accident).

   Synonyms: total loss

present singular third person writes-off · participle present writing-off · past wrote-off · participle past written-off · alternative writeoff

1. nonstandardNonstandard form of write off.

   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).

   2005, OECD Economic Surveys, Volume 2005/13 (September 2005): China, OECD Publishing, page 146

   2 more examples

   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.

   2000, Roy L. Nersesian, Trends and Tools for Operations Management, Greenwood Publishing Group, →ISBN, page 80

   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 […]

   2007, Ganapathy Palanithurai et al., A Handbook for Panchayati Raj Administration (Tamil Nadu), Concept Publishing Company, →ISBN, page 58