One of the mysteries of the English language finally explained.
A cancellation from an account of a bad debt or worthless asset.
- ‘It is taking a one-off hit of $10m to cover redundancy payments, inventory write-offs and bad debt.’
- ‘He said the package would include more aggressive measures to speed up bad debt write-offs and stabilize the banking system.’
- ‘In the event of a loan write-off, the income tax ‘deducted’ is not available as a credit to the borrower.’
- ‘Most banks enjoy a high quality credit rate, so write-offs of bad debts are not common - which means that when they happen, the banks notice them all the more.’
- ‘Last year, loan growth was a healthy 9%, after deducting write-offs for nonperforming loans - more than twice what the bank projected.’
2A worthless or ineffectual person or thing.‘she burns the toast and decides the weekend is a write-off’
loser, born loser, incompetent, non-achiever, underachiever, ne'er-do-well, disappointmentView synonyms
- ‘But it was not a write-off and the last three months were good.’
- ‘Back to the weekend - it wasn't such a total write-off really.’
- ‘But Tuesday wasn't a total write-off - I've picked up my new telly, and it's a beauty.’
- ‘The season is a total write-off, but we are all aware of the need to regenerate ourselves ahead of the New Zealand tour.’
- ‘I can now officially declare the personal relations of Jan-Aug. 2002 a write-off.’
- ‘The first half of today was pretty much a write-off in terms of studying, unless you consider violent cramping, nausea and headaches an aid to learning.’
- ‘And on top of this I'm going to see a show that's part of the Cabaret Festival on Wednesday night so that night's a write-off.’
- 2.1British A vehicle or other object that is too badly damaged to be repaired.‘the passengers were unharmed, but my car was a total write-off’
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