Write-off Definition

rītôf, -ŏf
write-offs
noun
write-offs
A cancellation of a worthless asset from a balance sheet.
American Heritage
Something written off, amortized, etc.
Webster's New World
The amount canceled or lost.
American Heritage
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.
American Heritage

Alternative spelling of write-off.

Wiktionary
Synonyms:
write-down
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verb

(accounting) To reduce an asset's book value to zero.

Wiktionary

(accounting) To record an expenditure as an expense.

Wiktionary

(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)

Wiktionary

(accounting) To record a notional expense such as amortization or depreciation.

Wiktionary
Figuratively, to assign a low value to something.
When Katya was injured, he wrote off the team's chances in the finals.
Wiktionary
Synonyms:
Antonyms:
figure
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Other Word Forms of Write-off

Noun

Singular:
write-off
Plural:
write-offs
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