| NOUN | possession | write-off, write-down | (accounting) reduction in the book value of an asset |
|---|---|---|---|
| act | write-off | the act of cancelling from an account a bad debt or a worthless asset |
| Meaning | (accounting) reduction in the book value of an asset. | |
|---|---|---|
| Synonym | write-down | |
| Category | accounting | A system that provides quantitative information about finances |
| Narrower | tax write-off, tax deduction, deduction | A reduction in the gross amount on which a tax is calculated |
| Broader | depreciation, wear and tear | decrease in value of an asset due to obsolescence or use |
| Spanish | pérdida, rebaja | |
| Verbs | write off | reduce the estimated value of something |
| Meaning | The act of cancelling from an account a bad debt or a worthless asset. | |
|---|---|---|
| Broader | cancellation | The act of cancelling |
| Catalan | cancel·lació | |
| Verbs | write off | reduce the estimated value of something |
| write off | cancel (a debt) | |
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