Definitions from Wiktionary (write off)

▸ verb:  (accounting, transitive) To reduce the book value of (an asset) to zero.
▸ verb:  (accounting, transitive) To record (an expenditure) as an expense.
▸ verb:  (accounting, 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).
▸ verb:  (accounting) To record a notional expense such as amortization or depreciation.
▸ verb:  To treat as a write-off, a total loss, especially something damaged beyond economic repair.
▸ verb:  (figurative, transitive) To assign a low value to (somebody or something).
▸ Also see write_off

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