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Meaning of “write sth off” in the English Dictionary

"write sth off" in British English

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write sth off

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

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 ​developingcountries.
to be ​able to use the ​cost of something you have ​bought to ​reduce the ​amount of ​tax you ​owe: You might be ​able to write off the ​car as a ​businessexpense.
(Definition of write sth off from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"write sth off" in Business English

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write sth off

phrasal verb with write uk   us   /raɪt/ verb (wrote, written)
ACCOUNTING, FINANCE to ​accept that an ​amount of ​money has been ​lost, for ​example, from a ​badinvestment or a ​debt that will never be ​paid, and show it as a ​loss in a company's ​accounts: Banks ​accept that some of their ​baddebts will eventually have to be written off.
UK INSURANCE to ​damage a ​vehicle so badly that it cannot be ​repaired, or it would ​cost too much to ​repair: The ​car was completely written off.
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(Definition of write sth off from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of write sth off?
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“write sth off” in British English

    “write sth off” in Business English

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