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| write off |
transitive verb |
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| Definition: |
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1. decide somebody or something is worthless: to dismiss somebody or something as worthless or unsuccessful and not worth continued attention
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informal
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2. U.K. damage vehicle too badly to repair: to damage a vehicle so badly that it is not economical to repair it
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3. reduce value of something: to reduce the estimated value of an asset for accounting purposes
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4. remove bad debt or valueless asset: to remove a debt considered irrecoverable or an asset with no value from the accounts of a business
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