Definition of "write-off" []

  • A cancellation of an item in account books. (noun)
  • The amount canceled or lost. (noun)
  • Accounting A reduction or depreciation of the entered value of an item. (noun)
  • To cancel (a bad debt or obsolete asset) from the accounts (verb)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

  • To consider (a transaction, etc) as a loss or set off (a loss) against revenues (verb)
  • To depreciate (an asset) by periodic charges (verb)
  • To charge (a specified amount) against gross profits as depreciation of an asset (verb)
  • To cause or acknowledge the complete loss of (verb)
  • To send a written order for (something) (verb)
  • To damage (something, esp a car) beyond repair (verb)
  • The act of cancelling a bad debt or obsolete asset from the accounts (noun)
  • The bad debt or obsolete asset cancelled (noun)
  • The amount cancelled against gross profits, corresponding to the book value of the bad debt or obsolete asset (noun)
  • Something damaged beyond repair, esp a car (noun)
  • A period of time during which nothing useful has been achieved (noun) (c) HarperCollins Publishers Ltd 2016

Use "write-off" in a sentence
  • "And the costs of administering an ongoing plan are much higher than for a simple discharge and write-off."
  • "Taxpayers may only deduct losses greater than their insurance reimbursements, and usually must itemize to get a write-off."
  • "Only one tax return out of more than 1,000 she prepared over a decade benefited from the write-off, she adds."