write off
Definitions
General English
- phrasal verb to remove an asset from a company’s accounts because it no longer has any value
Accounting
- noun
(written as write-off)
the total loss or cancellation of a bad debt, or the removal of an asset’s value from a company’s accounts - phrasal verb to cancel a debt, or to remove an asset from the accounts as having no value
Banking
- noun
(written as write-off)
something which is so badly damaged that it cannot be repaired
Cars & Driving
- noun
(written as write-off)
a car damaged beyond repair or so badly damaged as to be not worth repairing for insurance purposes - verb to damage a car beyond repair or, for insurance purposes, so as to be not worth repairing
- verb to consider (a car) to be a total loss
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