Write-off (noun) Definition, Meaning & Examples

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noun
  1. a cancellation from the accounts as a loss.
  2. an uncollectable account.
  3. a reduction in book value; depreciation.
  4. a person or thing that is given up as hopeless or pointless: Joe's college career is a write-off.
verb (tr, adverb)
  1. accounting
    • to cancel (a bad debt or obsolete asset) from the accounts
    • to consider (a transaction, etc) as a loss or set off (a loss) against revenues
    • to depreciate (an asset) by periodic charges
    • to charge (a specified amount) against gross profits as depreciation of an asset
  2. to cause or acknowledge the complete loss of
  3. to send a written order for (something)
  4. to damage (something, esp a car) beyond repair
noun write-off
  1. accounting
    • the act of cancelling a bad debt or obsolete asset from the accounts
    • the bad debt or obsolete asset cancelled
    • the amount cancelled against gross profits, corresponding to the book value of the bad debt or obsolete asset
  2. something damaged beyond repair, esp a car
Write-off (noun) Definition, Meaning & Examples

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