write-off

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  • noun

Synonyms for write-off

(accounting) reduction in the book value of an asset

the act of cancelling from an account a bad debt or a worthless asset

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References in periodicals archive ?
However, while we write off some owed money, which is good, sound accountancy practice, we Keep records and will continue to pursue the debt if circumstances change.
In countries like Pakistan irresponsible lending has been a common cause of loan defaults and write offs in past when banks were owned by government.
Pakistan, June 26 -- Loan write offs by banks have received considerable media attention recently.
The list of companies deciding to bite the bullet and take huge write offs on impaired goodwill -- a mandate of Financial Accounting Statement 142 -- continues to grow.
In addition, many hospitals are retrospectively reviewing write offs related to charity and bad debt accounts.