Write-off definition

Write-off

Topics Write-off Definition

WordNet

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

WiktionaryText

Noun

The cancellation of an item; the amount cancelled or lost
Something that is now worthless (such as a car after an accident)

Verb

To reduce an asset's book value to zero
To amortize over a period

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