write off

Definitions

General English

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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