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write-off
Found in thesaurus: admit, acknowledge, write, pen, indite, compose, strike down, cancel, depreciate, depreciation, wear and tear, cancellation
| English Wikipedia - The Free Encyclopedia | Download this dictionary |
Write-off
A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income.
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| WordNet 2.0 | Download this dictionary |
write off
Verb
1. concede the loss or worthlessness of something or somebody; "write it off as a loss"
(hypernym) admit, acknowledge
2. write something fluently, and without hesitation
(hypernym) write, compose, pen, indite
3. cancel (a debt)
(hypernym) cancel, strike down
(derivation) write-off
4. reduce the estimated value of something; "For tax purposes you can write off the laser printer"
(synonym) write down
(hypernym) depreciate
(derivation) write-off, write-down
write-off
Noun
1. (accounting) reduction in the book value of an asset
(synonym) write-down
(hypernym) depreciation, wear and tear
(hyponym) tax write-off, tax deduction, deduction
(derivation) write off, write down
(classification) accounting
2. the act of cancelling from an account a bad debt or a worthless asset
(hypernym) cancellation
(derivation) write off
| Babylon English-Polish | Download this dictionary |
write off
prosić listownie o informacje, składać listownie zamówienie
write-off
Rzecz.
przedmiot spisany na straty; wrak
write something off
wyksięgować, spisywać coś na straty
| Campbell R. Harvey's Hypertextual Finance Glossary | Download this dictionary |
Write-off
Charging an asset amount to expense or loss, for example through the use of depreciation and amortization of assets.
| European Central Bank Glossary | Download this dictionary |
write-off
An adjustment to the value of loans recorded in the balance sheets of MFIs. A loan is written off when it is considered to be totally unrecoverable, and is removed from the balance sheet.
See also:
write-down
See also:
write-down
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