Definition of write-off in English:

write-off

Line breaks: write-off

noun

  • 1British A vehicle or other object that is too badly damaged to be repaired: the passengers were unharmed, but my car was a total write-off
    More example sentences
    • Two fire engines arrived but the boat was a total write-off.
    • The aircraft became a total write-off, but the crew received only minor injuries.
    • All four fuel tanks were ruptured and the aircraft declared a total write-off.
  • 1.1A worthless or ineffectual person or thing: the magazine was a write-off, its credibility rating below zero
    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.
  • 2 Finance A cancellation from an account of a bad debt or worthless asset: their profits are weakening thanks to loan write-offs
    More 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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