NOUN
- the act of cancelling from an account a bad debt or a worthless asset
- (accounting) reduction in the book value of an asset
How To Use write-off In A Sentence
- Tech companies blame the sharp downturn in their industry for the big write-offs.
- Expects to be there for two weeks, then take a climbing holiday in the Hindu Kush Tax write-off sort of thing. CORMORANT
- In the aftermath of a credit crunch, with banks across the world still woefully undercapitalised, still paying fortunes in bonuses and still not accepting the full write-offs on their pre-2008 lending, this is especially worrying. Don't blame the euro for the ills besetting Ireland's economy
- The car was winched back up but was a write-off. The Sun
- They escaped with minor injuries but the van was a write-off.
- In some situations, the direct write-off method is acceptable.
- He bought ‘write-offs’ in scrapyards and patched them up with the help of a friend in a garage who passed them off as roadworthy by giving them MOT certificates.
- It has lured Hollywood studios and production companies by initially offering a 100 per cent tax write-off.
- Mr Roller said Dresdner's operating profit would have been higher but for increased write-offs in its securities operations.
- So now here I was, my marriage a write-off, upping sticks yet again. RESCUING ROSE
