A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income. ==Income tax== In income tax calculation, a write-off is the itemized d...
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http://en.wikipedia.org/wiki/Write-off
Cancellation of part or all of a balance. Costs incurred that have no future utility are charged (written-off) to an expense or loss account, not carried forward as an asset.
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http://www.ais-cpa.com/glosa.html
To cancel a debt, or to acknowledge the loss or worthlessness of an asset. Also to remove an asset or holding entirely from a balance sheet. The reduction in value, or loss, is said to be 'written off'
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http://www.aviva.com/glossary/
Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.
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http://www.duke.edu/~charvey/Classes/wpg/bfglosw.htm
Write off is a colloquial term for a vehicle which has been declared a total loss by an insurer, either following accident damage or theft. There are some 450,000 accident-related write-offs every year and another 150,000 insurance thefts, many of which are subsequently recovered damaged and re-classified. Many write-offs are legitimately allowed...
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http://www.encyclo.co.uk/local/20538
Depreciating an asset to zero in one go.
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http://www.encyclo.co.uk/local/22398
Reducing the book value of an asset if its is overstated compared to current market values.
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http://www.encyclo.co.uk/local/22402
When an investment, such as a loan, becomes seriously delinquent or in default and is determined to
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http://www.encyclo.co.uk/local/22405
In accounting, to reduce the book value of an asset, sometimes to zero, or cancel a debt which has not been, or is unlikely to be, paid
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http://www.encyclo.co.uk/local/22643
When an investment, such as a loan, becomes seriously delinquent or in default and is determined to be uncollectible, the lender may choose to charge the outstanding investment amount as an expense or a loss.
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http://www.gdrc.org/icm/loan-glossary.html
A tax-deductible expense, usually referring to depreciating the cost of an asset used in business or taking a Section179 expense for that asset.
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http://www.nolo.com/dictionary/write-off-term.html
[
v] - cancel (a debt) 2. [v] - write something fluently, and without hesitation 3. [v] - concede the loss or worthlessness of something or somebody 4. [v] - reduce the estimated value of something
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http://www.webdictionary.co.uk/definition.php?query=write%20off
[
n] - reduction in the book value of an asset 2. [n] - the act of cancelling a debt as uncollectible
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http://www.webdictionary.co.uk/definition.php?query=write-off
noun the act of cancelling from an account a bad debt or a worthless asset
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https://www.encyclo.co.uk/local/20974
A write off is the process of removing an asset or liability from the accounting records and financial statements of a company. Companies tend to write off assets because the assets are no longer available or valid.
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https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
No exact match found.
