Definitions of write-off

n (accounting) reduction in the book value of an asset

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deduction, tax deduction, tax write-off
a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
tax benefit, tax break
a tax deduction that is granted in order to encourage a particular type of commercial activity
business deduction
tax write-off for expenses of doing business
a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
Type of:
depreciation, wear and tear
decrease in value of an asset due to obsolescence or use

n the act of cancelling from an account a bad debt or a worthless asset

Type of:
the act of cancelling; calling off some arrangement

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