Meaning ofwrite-offin English

Verb

1. reduce asset value to zero; remove from records
   The company will write-off the failed investment.
2. record expenditure as a loss
   The accountant had to write-off the bad debt as a loss.
3. remove debt portion as a loss
   The bank had to write-off a significant portion of the loan as uncollectible.
4. treat as a total loss (damaged beyond repair)
   The insurance company will write-off the car as it is beyond repair.