write off

 Give up on; in accounting, to remove from a balance sheet because it no longer has value.
 ► “Japan’s Nippon Credit Bank lowered its earnings forecast for fiscal 1996 and said it will go INTO THE RED in order to write off 420 billion Yen of nonperforming loans.” (Wall Street Journal, March 29, 1996, p. C1)

American business jargon. 2014.

Look at other dictionaries:

  • ˌwrite ˈoff — phrasal verb to send a letter to an organization in order to ask for something You can write off for a free book of recipes.[/ex] …   Dictionary for writing and speaking English

  • write-off — write offs 1) N COUNT Something such as a vehicle that is a write off has been so badly damaged in an accident that it is not worth repairing. [BRIT] The car was a write off, but everyone escaped unharmed. 2) N COUNT A write off is the decision… …   English dictionary

  • write off — vt 1: to eliminate (an asset) from the books: enter as a loss or expense write off a bad loan 2: to use as a deduction in calculating taxable income write off the cost as a business expense Merriam Webster’s Dictionary o …   Law dictionary

  • write–off — / rīt ˌȯf/ n 1: the elimination of an asset or amount due from the books 2: tax write off Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • write-off — n 1.) BrE a vehicle that has been so badly damaged that it can never be used again ▪ The car was a complete write off. 2.) a period of time when you fail to achieve anything ▪ This morning was a complete write off. 3.) an official agreement that… …   Dictionary of contemporary English

  • Write-Off — Списание (Write Off) сокращение стоимости актива или дохода из за увеличения количества расходов или убытков. Компании могут списать определенные расходы или провести их как операции по бизнесу и удержать из доходов. Например, выдан кредит,… …   Финансовый словарь

  • write-off — index bad debt Burton s Legal Thesaurus. William C. Burton. 2006 write off …   Law dictionary

  • write-off — noun count 1. ) an agreement that allows someone not to pay back the money they owe 2. ) something or an amount of money that a business or person does not have any more, or the record of such a loss 3. ) a period of time when you fail to achieve …   Usage of the words and phrases in modern English

  • write off — ► write off 1) dismiss as insignificant. 2) cancel the record of (a bad debt); acknowledge the failure to recover (an asset). 3) Brit. damage (a vehicle) so badly that it cannot be repaired or is not worth repairing. Main Entry: ↑write …   English terms dictionary

  • write-off — [rītôf΄] n. something written off, amortized, etc …   English World dictionary

  • write-off — write′ off n. 1) bus a cancellation from the accounts as a loss 2) bus a reduction in book value; depreciation 3) cvb inf a person or thing that is given up as hopeless or pointless • Etymology: 1745–55 …   From formal English to slang


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