Definition of Write-off
Write-off
write·off
Definition/Meaning
(verb)
To cancel or forgive a debt or loss, especially as a business expense.
e.g. The company decided to write off the bad debt from the failed investment.
(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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