WRITE-OFF

Pronunciation (US): (GB):

I. (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting acts or actions

Hypernyms ("write-off" is a kind of...):

cancellation (the act of cancelling; calling off some arrangement)

Derivation:

write off (reduce the estimated value of something)

write off (cancel (a debt))

Sense 2

Meaning:

(accounting) reduction in the book value of an asset

Synonyms:

write-down; write-off

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("write-off" is a kind of...):

depreciation; wear and tear (decrease in value of an asset due to obsolescence or use)

Domain category:

accounting (a system that provides quantitative information about finances)

Hyponyms (each of the following is a kind of "write-off"):

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)