write-off

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]

Thesaurus

Noun	1.	write-off - (accounting) reduction in the book value of an asset write-down 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-off → el 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 debt → propuso cancelar totalmente la deuda

4. (= disaster) → desastre m, fracaso m
the whole afternoon was a write-off → la 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