write-off

verb
UK: /ˈraɪt ɒf/
US: /ˈraɪt ɔːf/

  1. To cancel a debt or record it as a loss because it is unlikely to be paid.

    1. The company had to write-off a lot of bad debts last year.
    2. The bank decided to write-off the loan because the borrower had no assets, so it's reasonable to write-off.

  2. To consider something as a failure or not worth considering.

    1. Don't write-off the team just yet; they might still win.
    2. Many people wrote-off the project at first, but it eventually became very successful, never write-off.

Synonyms

cancel deduction abandon failure loss
write-off noun

  1. An asset or amount that has been reduced to zero because it is regarded as worthless.

    1. The debt was a write-off.
    2. The company declared the investment as a complete write-off, so the write-off became expected.

  2. A vehicle damaged so badly that it is not worth repairing.

    1. My car was a write-off after the accident.
    2. The insurance company declared the car a total write-off, even though it looked only slightly damaged, this write-off.

  3. An amount that a company or person can deduct from their income when calculating tax.

    1. This expense is a write-off.
    2. You might be able to claim a write-off for certain business expenses, this tax write-off.

Frequently Asked Questions

The word "write-off" in English means: To cancel a debt or record it as a loss because it is unlikely to be paid., To consider something as a failure or not worth considering..

The phonetic transcription of "write-off" is /ˈraɪt ɒf/ in British English and /ˈraɪt ɔːf/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "write-off": cancel, deduction, abandon, failure, loss.

Example usage of "write-off": "The company had to write-off a lot of bad debts last year.". More examples on the page.