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write-off Definition

write·-off (-ôf′)

noun

something written off, amortized, etc.

write-off Finance Definition

To charge an expense or a loss against an asset, thereby reducing its value as listed on the company’s balance sheet. Write-offs are taken for the depreciation of a physical asset or the amortization of a non-physical asset. A common write-off is for accounts receivable to reflect the fact that some customers aren’t likely to pay their bills. Write-offs are charged against net income during the period they are incurred.

write-off Usage Examples

Preposition: of

  • debt: The Head of Finance only can approve write-off of any debts greater than these limits.
  • cost: If interest rates were to remain at current levels in 2007 then some level of write-off of deferred acquisition costs may be necessary.

Converse of object

  • include: The company is now planning to restate its last three years ' accounts, which may include a write-off of about 150 million pounds.
  • buy: The next step for the car thief is to think, why bother with buying a write-off?
  • approve: The Head of Finance only can approve write-off of any debts greater than these limits.
  • finance: The scale of the World Bank debt reduction will also depend on how much the donors commit to financing the debt write-off.

Adjective modifier

  • total: The sole purpose of the funny nurse was to distract from the fact that the production was a total write-off.
  • complete: Many areas are facing the prospect of a complete write-off this season.
  • full: The US and Britain have conceded that a full write-off of debt owed to the IMF and the World Bank may be necessary.
  • immediate: We demand: Immediate write-off of the debt burden without conditions.
  • exceptional: Profit before tax and the exceptional write-off up 18.3 % to £ 369 million ( £ 312 million ).
  • bad: Net Lending Figures refer to gross lending less repayments and other adjustments ( e.g. for bad debt write-offs ).

Modifies a noun

  • cost: I hope that these write-off costs have been included in the financial projections.
  • arrangement: We believe, however, that the £ 15m budget ceiling on the 100 % write-off arrangement should not be regarded as permanent.

Noun used with modifier

  • debt: However, mortgage debt write-offs were found to be taking the opposite route, with their figures declining.
  • asset: The total level of charges is likely to be £ 34m of which £ 16m is asset write-offs.
  • tax: Writer she didn't a broker lead mortgage tax write-off percent per year.
  • insurance: RE: Bought insurance write-off... - Honest John Fri 5 Jan 01 17:43 Dear Nick, Yes.
  • loan: Drawing on Old Testament ideas, it called for a once and for all loan write-off to coincide with the new millenium.
  • %: Access to Enhanced Capital Allowances offering you a 100 % tax write-off on the cost of energy saving equipment.