write-off

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Related to Writeoffs: write-down, Written off

write-off

Informal something damaged beyond repair, esp a car
References in periodicals archive ?
Homeowner writeoffs become targets for cutbacks or elimination whenever tax code reforms get serious attention because of their costs in uncollected federal revenues.
The IMF study suggests a third way: if the country can still pay its debts but faces the possibility of default because it has lost access to markets, the IMF will push the bondholders to stretch out the payment terms of their bonds, rather than take writeoffs, to help stabilise the government.
An MoD spokesman said most of the writeoffs were the result of "careful" cuts made in the 2010 Strategic Defence and Security Review.
This decrease was primarily due to a decline in closings and margins, which included the impact of inventory valuation adjustments and writeoffs, the company said.
But after reorganisation costs arising from the cancellation of its planned expansion and writeoffs from ten restaurants, the firm reported a pre-tax loss of pounds 3.
2 million, or 29 cents a share, as a result of accounting changes and a number of writeoffs.
Defendants took these improper charges and writeoffs in order to boost Tyco's future operating results.
Aside from enjoying the prestige of a fine collection, a corporation can recoup some of the money it spends on it by donating works to museums and taking advantage of the writeoffs.
Most of the drop in sales is the result of the sale of Cartiera di Carmignano in April 1993, with exceptional writeoffs for restructuring in the nonwovens division also effecting results.
This estimate includes foregone sales, writeoffs of inventory held by Merck, customer returns of product previously sold and costs to undertake the pullback of the product.
Major UK banks are expected to unveil the extent of their writeoffs this week.
But most of the insurance writeoffs sold on by dodgy garages are in the pounds 3,000 to pounds 6,000 bracket - exactly the kind of cars families use every day.