write-off

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Related to Writeoffs: write-down, Written 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]
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 ?
It said profits were impacted by a PS227m charge for technology asset writeoffs and its IT investment programme, following its announcement last year to spend PS1.3 billion over five years.
The police fightback also includes efforts to break up 'chop shops',' the name given to illicit garages in back streets or industrial estates that use spares to fix writeoffs that are then sold on through eBay, Gumtree, Autotrader or other sites.
These include efforts to break up "chop shops", the name given to illicit garages in back streets or industrial estates that use spares to fix writeoffs which are then sold on through eBay, Gumtree, Autotrader or other sites.
She explained: "There is no requirement for repaired writeoffs to be checked before being sold.
The lawyer pointed out columns, which had earlier been introduced related to loan defaults/loan writeoffs, assets, dual nationality, non-payment of utility charges, land revenue record for the last three assessment/financial years.
Jan Kozak's men came to France as Group B writeoffs and haven't helped their cause by losing their opener, 2-1 against Wales.
Used car checks carried out by Experian last year found more than 10 million vehicles had outstanding finance, 3.5m were insurance writeoffs, 1.3m were recorded as stolen and 1m recorded as scrapped.
The company also lowered its outlook for operating profit in the fourth quarter, citing writeoffs in Russia, China and the U.K.
Asda also pointed to plunging profits and balance sheet write-offs at rivals where its own bottom line had been flat and there had been no writeoffs.
The Eurogroup of finance ministers offered their leaders a choice of wording on Sunday if a deal cannot be struck on a bailout for Greece -- giving Athens a "time-out" from the euro zone and possible debt writeoffs.
Russian miner Mechel hopes to increase coal production by up to 15% this year after making a record net loss of $4.3 billion in 2014 due to $3.9 billion in writeoffs relating to asset sales and a weaker ruble, according to Reuters.
She kept on saying 'I'm sorry, I'm sorry.' "Both cars were total writeoffs."