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write–off

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noun \ˈrīt-ˌȯf\

Definition of write–off

  1. 1 :  an elimination of an item from the books of account

  2. 2 a :  a reduction in book value of an item (as by way of depreciation) b :  a tax deduction of an amount of depreciation, expense, or loss

  3. 3 chiefly British :  something (as a damaged vehicle) or someone regarded or conceded as a loss




Law Dictionary

write–off

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noun \ˈrīt-ˌȯf\

Legal Definition of write–off

  1. 1 :  the elimination of an asset or amount due from the books

  2. 2 :  tax write-off




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