Write-off
Pronunciation: /ˈɹaɪt- ˈɔf/
Write-off (noun)
- An amount of money that is no longer considered to be collectable.
- An expense that can be removed from taxable income to reduce taxes owed.
Examples
- A write-off can help improve a company's financial situation.
- A write-off can lower the amount of taxable income for individuals.
Common collocations: declare a write-off, record a write-off, claim a write-off, apply for a write-off