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| write-off (plural write-offs) |
noun |
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| Definition: |
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1. reduction in value: a reduction in the estimated value of an asset
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2. something reduced in value: an asset that has had its estimated value reduced
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3. amount of reduction in value: the monetary amount by which something such as a corporate asset has been reduced in value
  The corporation took a $5 million write-off in the second quarter.
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4. U.K. vehicle damaged beyond repair: a vehicle that is so badly damaged that it is not economical to repair it
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