write-off

Noun
  1. (accounting) reduction in the book value of an asset (synset 113349875)
    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
  2. The act of cancelling from an account a bad debt or a worthless asset (synset 100233471)
    is a type of: cancellation - the act of cancelling; calling off some arrangement

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