write-off

/'rait'ɔ:f/
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write-off

The accountant processed a write-off for the uncollectible debt.

Definition
  1. Noun:
    • An act of canceling a debt or deeming an asset worthless: In accounting and finance, a "write-off" is the formal recognition that a debt is unlikely to be collected or that an asset has lost its value and is removed from the financial accounts.
    • Something considered a total loss: Informally, a "write-off" can refer to any item, event, or period regarded as completely wasted, useless, or a failure.
Usage Examples
  • Noun (Accounting/Finance):
    • The company recorded a significant write-off for unpaid customer invoices.
    • After the flood, the damaged machinery was a complete write-off.
  • Noun (Informal - Total Loss/Failure):
    • The party was a write-off after the music system broke.
    • I'm so tired; this whole day has been a write-off.
Advanced Usage
  • "to be a write-off": to be considered a total loss or complete failure.
    • The car was so badly damaged in the accident that the insurance company declared it a write-off.
  • Tax write-off: An expense deducted from taxable income.
    • Donating to charity can sometimes be used as a tax write-off.
Variants and Related Words
  • Write off (phrasal verb): To cancel the value of an asset or debt; to dismiss something as unimportant or a failure.
    • The bank had to write off the loan.
    • He wrote off the criticism as jealousy.
  • Written-off (adjective): Describing something that has been officially declared a total loss.
    • He was driving a written-off car that had been repaired.
Synonyms
  • Cancellation (n): The act of making something void.
  • Loss (n): Something that is destroyed or rendered useless.
  • Failure (n): A lack of success.
Related Phrasal Verbs
  • Write off for: To send a letter to request something.
    • I wrote off for a free sample of the product.
  • Write off as: To decide that someone or something is not good, useful, or important.
    • Many critics wrote off his early novels as amateurish.
Related Idioms
  • A dead loss: A complete failure or useless thing (similar informal meaning).
    • That old computer is a dead loss.
write-off

The accountant processed a write-off for the uncollectible debt.

Noun
  1. the act of cancelling from an account a bad debt or a worthless asset
  2. (accounting) reduction in the book value of an asset

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