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write-offwrite-downdepreciationwear and teardeductiontax deductiontax write-off

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write-off

noun

1 write-off

accounting Reduction in the book value of an asset.

synonym: write-down.

is a specific kind of: depreciation, wear and tear.

is a broader term that covers: deduction, tax deduction, tax write-off.

domain category: accounting.

derivation: expense, write down, write off.

2 write-off

The act of cancelling from an account a bad debt or a worthless asset.

is a specific kind of: cancellation.

derivation: expense, write down, write off | write off.

Find more on write-off elsewhere: etymology - rhymes - Wikipedia.

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