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write-off

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
write-off (rtôf, -f)
n. Accounting
1.
a. A cancellation of an item in account books.
b. The amount canceled or lost.
2. A reduction or depreciation of the entered value of an item.
ThesaurusLegend:  Synonyms Related Words Antonyms
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


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He added the bank has opted to increase the write-off provisions owing to the nature of the current economic period, while announcing unrealised losses arising from the write-off provision for the third quarter amounting to BD1.
The Prime Minister said the economic assistance program for Afghanistan is being considered now in exchange for write-off the country's debts.
It is now understood that the write-off is likely to be up to £600m - meaning Homebase will have a book value of £300m-£400m, compared with the £900m HRG paid for it in 2002.
 
 
 
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