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English definition of “write sth off”

write sth off

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