Write-off meaning

rītôf, -ŏf
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The definition of a write-off is an accounting term that refers to a reduction in the value of an expense.

An example of a write-off is deducting the value of an asset from the balance sheet of a company.

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A downward adjustment in earnings or in the value of an asset on account of a loss or expense.

A tax write-off for business expenses.

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Something written off, amortized, etc.
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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.
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Alternative spelling of write-off.
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(accounting) To reduce an asset's book value to zero.
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(accounting) To record an expenditure as an expense.
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(accounting) To remove a portion of a debt or an amount of an account owed to you counting it as a loss (as a gesture of goodwill for example)
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(accounting) To record a notional expense such as amortization or depreciation.
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Figuratively, to assign a low value to something.

When Katya was injured, he wrote off the team's chances in the finals.

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