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Definition of Write-off
1. Noun. (accounting) reduction in the book value of an asset.
Exact synonyms: Write-down
Category relationships: Accounting
Generic synonyms: Depreciation, Wear And Tear
Specialized synonyms: Deduction, Tax Deduction, Tax Write-off
Derivative terms: Write Down, Write Off
Category relationships: Accounting
Generic synonyms: Depreciation, Wear And Tear
Specialized synonyms: Deduction, Tax Deduction, Tax Write-off
Derivative terms: Write Down, Write Off
2. Noun. The act of cancelling from an account a bad debt or a worthless asset.
Definition of Write-off
1. Noun. (accounting) The cancellation of an item; the amount cancelled or lost ¹
2. Noun. Something that is now worthless (such as a car after an accident) ¹
3. Verb. (nonstandard spelling of write off) ¹
¹ Source: wiktionary.com