Meaning of “write-off” in the English Dictionary

"write-off" in American English

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write-offnoun [ C ]

us /ˈrɑɪtˌɔf/

a change in a company's accounts when it has lost money:

After write-offs, taxes, and government transfers were deducted, the phone company found itself deeply in debt.

(Definition of “write-off” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"write-off" in Business English

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write-offnoun [ C ]

uk /ˈraɪtɒf/ us

FINANCE, ACCOUNTING an amount of money that has been lost, for example, from a bad investment or a debt that will never be paid, shown as a loss in a company's accounts:

asset/bad-debt/goodwill write-offs The credit card company projected that bad-debt write-offs would be $4.9 billion.
charitable/tax write-offs

UK INSURANCE a vehicle that is too damaged to repair:

Her car is a complete write-off.

(Definition of “write-off” from the Cambridge Business English Dictionary © Cambridge University Press)