Write-off

What is Write-off?

Write-off meaning in finance terminology / glossary / dictionary is:
Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.

 

reference: Yahoo Finance Glossary

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Write off

What is Write off?

Write off is (verb) 1. to cancel a debt The bank couldn’t trace him so they had to write the debt off. 2. to remove an asset from a company’s accounts because it no longer has any value the car was written off the insurance company considered it a total loss

 

source: Easier English, Student Dictionary Upper Intermediate Level