To reduce the book value of (an asset) to zero.
write-off in 30 Seconds
- (verb) To reduce the book value of (an asset) to zero.
- (verb) To record (an expenditure) as an expense.
- (verb) To remove a portion of a debt or an amount of an account owed, counting it as a loss (as a gesture of goodwill for example).
Meanings
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1
verb To reduce the book value of (an asset) to zero.
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2
verb To record (an expenditure) as an expense.
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3
verb To remove a portion of a debt or an amount of an account owed, counting it as a loss (as a gesture of goodwill for example).
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4
verb To record a notional expense such as amortization or depreciation.
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5
verb To treat as a write-off, a total loss, especially something damaged beyond economic repair.
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6
verb To assign a low value to (something).
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7
noun The cancellation of an item; the amount cancelled or lost
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8
noun Something that is now worthless (such as a car after an accident)
Examples
1
Summary
To reduce the book value of (an asset) to zero.
- (verb) To reduce the book value of (an asset) to zero.
- (verb) To record (an expenditure) as an expense.
- (verb) To remove a portion of a debt or an amount of an account owed, counting it as a loss (as a gesture of goodwill for example).
Examples
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