1 Finance A cancellation from an account of a bad debt or worthless asset.
- 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.
- In the event of a loan write-off, the income tax ‘deducted’ is not available as a credit to the borrower.
- It is taking a one-off hit of $10m to cover redundancy payments, inventory write-offs and bad debt.
2A worthless or ineffectual person or thing: she burns the toast and decides the weekend is a write-off
More example sentences
- 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.
- But it was not a write-off and the last three months were good.
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