write off
Write off (verb) means to decide that someone or something is a failure and not worth any further effort or attention. Example: “Don't write him off, he's beaten worse odds.”
How to use write off
Learner’s notesIn plain EnglishTo give up on something, or to accept a loss and cancel it in the books.
The verb is two words (write off); the noun and adjective take a hyphen (a write-off, write-off value). Past tense wrote off, past participle written off. Americans usually say a car has been totalled rather than written off.
In accounting, writing an asset down reduces its recorded value; writing it off removes it entirely.
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Can you complete this real example?
You can _____ the equipment against tax over four years.
Synonyms
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Rhymes for write off
See all rhymes for write off →Frequently asked questions
What is the difference between a write-off and a write-down?
A write-down reduces the recorded value of an asset to a lower but still positive figure. A write-off takes it to zero, treating it as worthless or uncollectable. A write-off is the extreme case of a write-down.
What does it mean when a car is written off?
The insurer has judged that repairs would cost more than the car is worth, or that it is unsafe to repair. They pay out its market value and take ownership; UK write-offs are graded into categories that determine whether the car can ever be driven again.
Does writing something off against tax mean it is free?
No. A write-off reduces your taxable profit, so you save only your tax rate on the amount spent. Spending a pound to save perhaps twenty pence of tax still costs you eighty pence.
What is the meaning of write off?
"write off" (verb) means to decide that someone or something is a failure and not worth any further effort or attention.