To charge an asset amount to expense or loss, in order to reduce the value of that asset and one's earnings.

Use write-off in a sentence

There was a write-off, so things changed and were no longer the exact same as they were before it happened.

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The write-off was especially beneficial for the company who was able to categorize the monetary expenditure as a business expense.

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Once the mortgage loans went into foreclosure, the bank would typically perform a write-off. They did not need to carry the asset on their books anymore since it already was sold.

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