"write-off" | Definition and Related Words

Noun

referred to in: accounting - a system that provides quantitative information about finances

is a type of: depreciation, wear and tear - decrease in value of an asset due to obsolescence or use

subtypes: deduction, tax deduction, tax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket

same as: write-down
is a type of: cancellation - the act of cancelling; calling off some arrangement