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writeoff

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write-off

  [rahyt-awf, -of]
Use writeoff in a Sentence
–noun
1. a cancellation from the accounts as a loss.
2. an uncollectable account.
3. a reduction in book value; depreciation.
4. Informal. a person or thing that is given up as hopeless or pointless: Joe's college career is a write-off.
Origin:
1745–55; n. use of v. phrase write off
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Office Depot
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Financial Dictionary

writeoff

A reduction to zero in the value of an asset carried on a firm's financial statement. Companies often hesitate to make writeoffs because profits reported to stockholders are reduced.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: write–off
Pronunciation: 'rIt-"of
Function: noun
1 : the elimination of an asset or amount due from the books
2 : TAX WRITE-OFF
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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