Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.

A financial claim that a creditor regards as unrecoverable and so no longer carries on its books.

The removal of the value of loans from the balance sheets of MFIs when the loans are considered to be totally unrecoverable. See also monetary financial institution (MFI) write-d [..]

A tax-deductible expense, usually referring to depreciating the cost of an asset used in business or taking a Section179 expense for that asset.

Depreciation or amortization an owner takes on a commercial property.

The reduction or removal of an asset amount. For example, an account receivable will be removed or written off if the customer is not able to pay the amount owed to the company.

Definition To charge an asset amount to expense or loss, in order to reduce the value of that asset and one's earnings.

A bibliographic item or other piece of library property so badly damaged that it cannot be repaired, for which the cost of replacement cannot be recovered. Also refers to a debt that cannot be recover [..]

The accounting procedure used when an asset has been determined to be uncollectible and is therefore charged as a loss.

Occurs when an agency official determines, after all appropriate collection tools have been used, that a debt is uncollectible. Active collection on an account creases and the account is removed from an entity's receivables.

Total loss insurance claim. Vehicle is uneconomic to repair and total loss insurance claim is to be made.

(n) (accounting) reduction in the book value of an asset(n) the act of cancelling from an account a bad debt or a worthless asset

A term signifying how banks deal with debts of which there is no hope of recovery. When a borrower is bankrupt, his bank writes the loans off its balance sheet by reducing its assets by the value of t [..]

A write-off or charge-off of a debt reduces the value of the debt (usually to zero) because the debt has become uncollectable.

To transfer an item that was an asset to an expense account. For example, to transfer an uncollectable account receivable to bad debts expense.

the total reduction in the value of an asset, recognizing that it no longer has any value. Write-downs and write-offs are non-cash expenses that affect profits.

A car that has been stolen or damaged, and deemed unsafe or uneconomical to repair. However, some cars are subsequently repaired and re-approved for road use. Before you buy one, read our tips and adv [..]

Depreciating an asset to zero in one go.

A car that is so badly damaged the insurance company decides it’s not worth repairing.

This is a term for a vehicle that has been declared a total loss by an insurer following accident damage or theft.

A vehicle may be written off because it's either not repairable or would cost more to repair than to replace.

A damaged vehicle which is not repairable, or costs more to repair than the value of the vehicle before damage occurred.

This term refers to the discrepancy between a provider’s fee for healthcare services and the amount that an insurance company is willing to pay for those services that a patient is not responsible for. The write-off amount may be categorized as “not covered” amounts for billing purposes.

Your car is declared a write-off when in our opinion, it is so badly damaged that it would not be either safe or economical to repair or when it has not been found within 14 days of you reporting its [..]

Any loan not expected to be recovered and is recorded as a loan loss.

An accounting procedure that removes receivables from the accounts of record in order to accurately portray their true economic value on the balance sheet

In common usage: a reduction in taxable income that results when allowable deductions are subtracted from gross income.

A disallowed cost determined by Agency management to be uncollectible (USAID Automated Directives System - ADS - Chapter 591). An action to remove an amount from USAID's assets. A write-off of a [..]

(accounting) The cancellation of an item; the amount cancelled or lost Something that is now worthless (such as a car after an accident)

Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.

A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable [..]

A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable [..]