write-off

verb

Meaning

To reduce the book value of (an asset) to zero.
To record (an expenditure) as an expense.
To remove a portion of a debt or an amount of an account owed, counting it as a loss (as a gesture of goodwill for example).
To record a notional expense such as amortization or depreciation.
To treat as a write-off, a total loss, especially something damaged beyond economic repair.
To assign a low value to (something).
The cancellation of an item; the amount cancelled or lost
Something that is now worthless (such as a car after an accident)

No prose etymology has been added yet.

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