Definition of write-off Write-off
We found 5 definitions of write-off from 3 different sources.
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What does write-off mean?
WordNet
Noun |
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| write-off - (accounting) reduction in the book value of an asset | ||
| write-down | ||
| wear and tear, depreciation a decrease in price or value; "depreciation of the dollar against the yen" | ||
| accounting a system that provides quantitative information about finances | ||
| 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 | ||
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Wiktionary 
- write-off (Noun)
The cancellation of an item; the amount cancelled or lost. - write-off (Noun)
Something that is now worthless.
OmegaWiki DictionaryOmegaWiki Dictionary Ω
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write-off
Accounting procedure that is used when an asset is uncollectible and is therefore charged-off as a loss.
