write-off

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Related to Writedown: Writeoff, Goodwill writedown

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 ?
Procter & Gamble's quarterly revenue and profit beat Wall Street expectations yesterday, sending shares up even as the world's top personal goods company took an $8bn (PS6.6bn) writedown on its Gillette shaving business.
TRANSPORT giant Stagecoach has revealed talks to sell its US business after an PS85.4 million writedown in the division sent the group tumbling to a loss.
They face charges of market manipulation and submitting false or misleading information with regard to publishing an interim consolidated financial statement in November 2011, in which they omitted to include a goodwill writedown of e1/4330m for Marfin Popular Bank's -- as Laiki was then known -- operations in Greece.
The bank said that it has lost billions in the fourth quarter because of a massive charge associated with a writedown of some investment banking operations.
In the case of a partial oil & gas investment writedown, the average BDC leverage ratio increased 2 bps, to 0.66x from 0.64x.
By saying that "this does not reflect the reality of the company," he suggested the assessment was too high, a comment unlikely to calm investors concerned that the government appointed him to limit the political fallout from a writedown rather than clean out dead-wood in the company's accounts.
"SLEEPING TABLETS" German Chancellor Angela Merkel sought to reassure voters on Sunday that Greece would not need a debt writedown but left open the option of more aid for Athens as she struggled to contain a dispute which could hurt her in next month's election.
Rio Tinto posted a $14 billion writedown in January on previous acquisitions of aluminium assets from Alcan in 2007 and coal projects in Mozambique.
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If you are looking at taking a writedown on your mortgage [where the lender reduces the amount you owe] and giving up your tracker, you would need to get a very significant writedown that will benefit you over the longer term to make it worthwhile.
8 February 2013 - Francea[euro](tm)s Budget Minister Jerome Cahuzac said on Friday the government would be willing to invest in PSA Peugeot Citroen SA (EPA:UG) and take a stake in the carmaker, to help it survive after the recently announced EUR4.1bn (USD5.5bn) writedown.