write-off

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write-off

(rīt′ôf′, -ŏf′)
n. Accounting
1.
a. A cancellation of a worthless asset from a balance sheet.
b. The amount canceled or lost.
2. A downward adjustment in earnings or in the value of an asset on account of a loss or expense: a tax write-off for business expenses.

write′-off`



n.
1. a cancellation from the accounts as a loss.
2. a reduction in book value; depreciation.
3. a person or thing that is given up as hopeless or pointless.
[1745–55]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.write-off - (accounting) reduction in the book value of an asset
accounting - a system that provides quantitative information about finances
wear and tear, depreciation - decrease in value of an asset due to obsolescence or use
deduction, tax deduction, tax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
2.write-off - the act of cancelling from an account a bad debt or a worthless asset
cancellation - the act of cancelling; calling off some arrangement
Translations

write-off

[ˈraɪtɒf] N
1. (= vehicle) → siniestro m total
his car was a complete write-offel coche fue declarado siniestro total, el coche quedó siniestro total
2. (Comm) → anulación f en libros, cancelación f en libros
3. (Fin) → cancelación f (de una deuda considerada incobrable)
he proposed a complete write-off of debtpropuso cancelar totalmente la deuda
4. (= disaster) → desastre m, fracaso m
the whole afternoon was a write-offla tarde entera fue un desastre or fracaso

write-off

[ˈraɪtˌɒf] n (Comm) → perdita (fig) (car) → rottame m
the car is a write-off → la macchina è ridotta ad un rottame
References in periodicals archive ?
Says medium-term outlook for net charge-offs "relatively benign.
There were no loan charge-offs for 3Q14 compared to USD 123,000 in net loan charge-offs the quarter ended September 30, 2013.
Net charge-offs are the difference between loans that have been deemed uncollectable and written off the bank's balance sheet--charge-offs--and any subsequent recovery of those loans.
With delinquencies and net charge-offs low, it shows quality loans are being made.
Net loan charge-offs for the quarter ended March 31, 2013 were USD97,000, consisting of one-to-four-family loan charge-offs, compared to USD223,000 in one-to-four family loan charge-offs for the quarter ended March 31, 2012.
166(a)(2) deduction will generally be equal to the company's SSAP 43R credit-related impairment charge-offs for the same items, except that the company increases or reduces its deduction by a positive or negative adjustment.
Capital One Financial Corporation (NYSE: COF) has said that credit card delinquencies have increased in September, while charge-offs have declined.
Moody's Investors Service, New York, in its latest quarterly credit update on the banking industry, said it was keeping a negative credit outlook on the industry but that banks have put a sizable amount of their residential loan charge-offs behind them.
However, charge-offs and non-performers remain near historic highs and are not improving as quickly as they deteriorated in 2009.
com)-- Amy Michalo-Rojas, president of ADMA Solutions, LLC, a Pennsylvania-based debt resolution company, is warning that holiday spending could negate improvements in credit card charge-offs and delinquency rates.
The relatively stable performance and low charge-offs of commercial mortgages through the recent recession, however, have helped, rather than hurt, the stability of banks.
As filings fell, so should have charge-offs for credit card providers.