write off

write off definitions

verb
  • To treat as a write-off, a total loss, especially something damaged beyond economic repair. 

  • To record (an expenditure) as an expense. 

  • To remove a portion of a debt or an amount of an account owed, counting it as a loss (as a gesture of goodwill for example). 

  • To reduce the book value of (an asset) to zero. 

  • To record a notional expense such as amortization or depreciation. 

  • To assign a low value to (something).