to write off a debt
11write-off — noun 1. (accounting) reduction in the book value of an asset • Syn: ↑write down • Derivationally related forms: ↑write down (for: ↑write down), ↑write off …
12Write-Off — A reduction in the value of an asset or earnings by the amount of an expense or loss. Companies are able to write off certain expenses that are required to run the business, or have been incurred in the operation of the business and detract from… …
13write-off — noun (C) 1 BrE a vehicle that has been so badly damaged that it can never be used again: The car was a complete write off. see also: writeoff 2 an official agreement that someone does not have to pay a debt …
14write off — /ˌraɪt ɒf/ verb to cancel a debt, or to remove an asset from the accounts as having no value ● We had to write off £20,000 in bad debts. ♦ two cars were written off after the accident the insurance company considered that both cars were a total… …
15write-off — / raɪt ɒf/ noun 1. the total loss or cancellation of a bad debt, or the removal of an asset’s value from a company’s accounts ● to allow for write offs in the yearly accounts2. something which is so badly damaged that it cannot be repaired… …
16write off — phr verb Write off is used with these nouns as the object: ↑debt …
17write off — {v. phr.} 1. To remove (an amount) from a business record; cancel (a debt); accept as a loss. * /If a customer dies when he owes the store money, the store must often write it off./ Compare: CHARGE OFF. 2. To accept (a loss or trouble) and not… …
18write off — {v. phr.} 1. To remove (an amount) from a business record; cancel (a debt); accept as a loss. * /If a customer dies when he owes the store money, the store must often write it off./ Compare: CHARGE OFF. 2. To accept (a loss or trouble) and not… …
19write\ off — v. phr. 1. To remove (an amount) from a business record; cancel (a debt); accept as a loss. If a customer dies when he owes the store money, the store must often write it off. Compare: charge off 2. To accept (a loss or trouble) and not worry… …
20write off — 1) To reduce the value of an asset to zero in a balance sheet. An expired lease, obsolete machinery, or an unfortunate investment would be written off. 2) To reduce to zero a debt that cannot be collected (see bad debt). Such a loss will be shown …
