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write sth off

(MONEY) phrasal verb with write
 
 
/raɪt/ verb (wrote, written or old use writ)

Definition

to accept that an amount of money has been lost or that a debt will not be paid: The World Bank is being urged to write off debts from developing countries.Borrowing, lending and debt
(Definition of write sth off (MONEY) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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