write-off
noun [ C ]
uk/ˈraɪtɒf/ us FINANCE, ACCOUNTING
an amount of money that has been lost, for example, from a bad investment or a debt that will never be paid, shown as a loss in a company's accounts:
asset/bad-debt/goodwill write-offs The credit card company projected that bad-debt write-offs would be $4.9 billion.
charitable/tax write-offs
Compare
charge-off
INSURANCE UK
a vehicle that is too damaged to repair:
Her car is a complete write-off.