Definitions

1. noun

An item that can be deducted from income as a business expense, especially a loss or bad debt.

“The company had to take a large writeoff due to the economic downturn.”

2. verb

To cancel a charge or expense, especially as a business expense, or to officially dismiss or cancel something.

“The accountant wrote off the entire cost of the project as a business expense.”

3. verb

To dismiss or cancel something officially, especially a charge or claim.

“The judge wrote off the plaintiff’s lawsuit due to lack of evidence.”

4. verb

To dismiss or cancel something as worthless or unimportant.

“The critic wrote off the new artist as unoriginal and uninspired.”