What does "write off" mean?

To reduce the book value of (an asset) to zero.

What is a synonym for "write off"?

Common synonyms include: abate, abatement, abolish, abolishment, abolition, abrogate.

verb

verb ·Moderate ·High school level

Verb

1
To reduce the book value of (an asset) to zero. transitive
2
reduce the estimated value of something wordnet
3
To record (an expenditure) as an expense. transitive
4
concede the loss or worthlessness of something or somebody wordnet
5
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). transitive

Show 5 more definitions

6
write something fluently, and without hesitation wordnet
7
To record a notional expense such as amortization or depreciation.
8
cancel (a debt) wordnet
9
To treat as a write-off, a total loss, especially something damaged beyond economic repair.
"The '800' received substantial collision damage, while the High Speed Train power car was written off."
10
To assign a low value to (somebody or something). figuratively, transitive
"When Katya was injured, he wrote off the team's chances in the finals."

"The '800' received substantial collision damage, while the High Speed Train power car was written off."