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Write off

To reduce the book value of (an asset) to zero.

📖 Definitions of "Write off"

verb
  1. 1

    To reduce the book value of (an asset) to zero.

  2. 2

    To record (an expenditure) as an expense.

  3. 3

    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).

  4. 4

    To record a notional expense such as amortization or depreciation.

💡 Words with a Similar Meaning to "Write off"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
write-downnounAlternative form of writedown. [(accounting) An adjustment; a precise amount adjusted by an act of writing down or entering an asset and its value; a reduction of an asset, written down or otherwise recorded as such.]
write-offnoun(accounting) The cancellation of an item; the amount cancelled or lost.
charge offnoun(accounting) A write-off.
zero outverb(computing, transitive) To fill with zeros, replacing any previous contents.
wipe outverb(transitive) To destroy (especially, a large number or complete set of people or things); to obliterate.
strike offverb(transitive) To remove from a list or register.
chalk offverb(idiomatic) To disallow or cancel
write downverb(transitive) To produce or set (something) down in writing; to record something.
unwrite(transitive) To erase; to revert to a state where (something) was never written.
killverb(transitive) To put to death; to extinguish the life of.
eliminateverb(transitive) To completely remove, get rid of, put an end to.
account forverb(transitive) To explain by relating circumstances; to show that some one, thing or members of a group are present or have been processed.
wipe offverb(transitive, literally) To remove (something such as dirt) by wiping.
annihilateverbTo reduce to nothing, to destroy, to eradicate.
nothingizeverb(transitive) To reduce to, or treat as, nothing; to eliminate or disregard entirely.
defaceverbTo damage or vandalize something, especially a surface, in a visible or conspicuous manner.
liquidateverb(transitive) (figurative) To settle the financial affairs of (a corporation, partnership, or other business) with the aim of ceasing operations, by determining liabilities, using assets to pay debts, and apportioning the remaining assets if any; to wind up.
close the booksverb(idiomatic, finance, accounting) To finalize the financial records for a specific accounting period; to cease trading.
voidnounAn empty space; a vacuum.
devalueverb(transitive) To lower or remove the value of something.

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