See parent entry: → write
- 1v + adv→ write away
- 2verb + object + adverb, verb + adverb + object 2.1 (Finance)(debt/loan)to write something off to bad debts
cancelarpasar algo a cuentas incobrables2.2(assets)2.3 (consider beyond repair)
amortizar(insurer)2.4 (damage beyond repair) (British)
declarar siniestro totalhacer polvo [colloquial]2.5 (consider a failure, disregard)(marriage/project/career)the project was written off as a failure
dar por perdidose estimó que el proyecto había sido un fracasoafter this scandal, he can be written off as a serious challengercon este escándalo, puede decirse que queda descartado como contendiente
Definition of write off in:
- 1 (Finance)cancelación (feminine) de una deuda (considerada incobrable)Example sentences
- 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.
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