write–off

noun \ˈrīt-ˌȯf\

Definition of WRITE-OFF

: an elimination of an item from the books of account

a : a reduction in book value of an item (as by way of depreciation)

b : a tax deduction of an amount of depreciation, expense, or loss

chiefly British : something (as a damaged vehicle) or someone regarded or conceded as a loss

1905

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