write off
verb- To reduce the book value of (an asset) to zero.
- To record (an expenditure) as an expense.
- 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).
- To record a notional expense such as amortization or depreciation.
- To treat as a write-off, a total loss, especially something damaged beyond economic repair.
- To assign a low value to (somebody or something). · When Katya was injured, he wrote off the team's chances in the finals.
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