Definition of Write-off
Write-off
write-off
Definition/Meaning
(noun)
an item that can be eliminated or cancelled from the books of an account, such as a worthless asset or a bad debt;
e.g. This expense could be a write-off when you are filing your taxes.
(noun)
a depreciation in the value of something, or a deduction of the tax on a particular expense, loss, or depreciated asset;
e.g. He claimed that expense as a write-off when filing his taxes.
(noun)
in British usage, an object (especially something like a vehicle) that is conceded as a loss due to being too damaged to repair;
e.g. Her car was a write-off after the accident and she had to buy a new one.
(noun)
a person or thing that is regarded as worthless or ineffectual;
e.g. He is a write-off since there is no way we will convince him to see sense.
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