Meaning of “write sth back” in the English Dictionary


"write sth back" in Business English

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write sth back

phrasal verb with write uk /raɪt/ us verb wrote, written

ACCOUNTING, FINANCE to add an amount to a company's profit for a particular period relating to a possible future cost that will not now have to be paid:

The group's $50m profit rise was helped by writing back unused provisions made in previous years.
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(Definition of “write sth back” from the Cambridge Business English Dictionary © Cambridge University Press)