write-off

(redirected from Writeoff)
Also found in: Dictionary, Thesaurus, Financial.

write-off

Informal something damaged beyond repair, esp a car
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
She explained: "There is no requirement for repaired writeoffs to be checked before being sold.
WASHINGTON, Ramadan 15, 1436, Jul 2, 2015, SPA -- The International Monetary Fund (IMF) said Thursday that Greece would need an extension of its EU loans and a potentially large debt writeoff if it grows more slowly than expected and economic reforms are not implemented.
The hook, line and sinker is when the loss writeoff exception becomes limited or excluded all together, based on a client's modified adjusted gross income (MAGI).
"We reported a loss of $250 million, that is the writeoff of old aircraft," Ang told reporters at the sidelines of a ceremony retiring decades-old Boeing 747-400s to be replaced by more fuel-efficient Boeing 777-300ERs for existing flights to the US East Coast.
However, there was also a goodwill writeoff of 12.4 mln euros which is not included in the cash inflows and will enhance the company's liquidity position.
Net income of $ 682mn was pressured by a onetime $1.1bn writeoff in Uzbekistan, and came in below market expectations of $ 627mn.
The four-year-old boasts just one win in six starts so far but his reappearance at Kempton this term was something of a writeoff after his saddle slipped early on.
A clue might be the second article about MCCT winning the french fry tax writeoff sweepstakes.
Our fourth quarter earnings grew solidly after factoring out a programming writeoff at one of our equity networks, the timing of ESPN revenue recognition and the effect of one fewer week of operations this year than last.
"Although the recent actions by the US government may result in providing support to home builders in the US, the writeoff was considered prudent in view of the current challenging times for all businesses," Emaar said.
Since 1997, northerners were also blessed with a "regional bonus" of a further 10-per-cent tax writeoff. Film producers that shoot outside the Greater Toronto Area receive the bonus.
There was a net loss of $394 million as against a gain of $21 million in 2001 because of charges for restructuring and consolidation, a tax writeoff for discontinued operations, and a change in accounting principle.