write off

Meaning

  1. (transitive) To reduce the book value of (an asset) to zero.
  2. (transitive) To record (an expenditure) as an expense.
  3. (transitive) To remove a portion of a debt or an amount of an account owed, counting it as a loss (as a gesture of goodwill for example).
  4. To record a notional expense such as amortization or depreciation.
  5. To treat as a write-off, a total loss, especially something damaged beyond economic repair.
  6. (figuratively, transitive) To assign a low value to (somebody or something).

Notes

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