write-off

Definitions of "write-off"
  1. The act of removing an asset or debt from financial records
  2. The process of recording an asset as a loss or expense for accounting purposes
  3. The practice of subtracting an amount from taxable income
How to use "write-off" in a sentence
  1. The company decided to write-off the old equipment that was no longer in use.
  2. After a bad investment, the business had to write-off a significant amount.
  3. The organization was able to write-off their charitable contributions when calculating the tax.
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