What is another word for write off?

1092 synonyms found


[ ɹˈa͡ɪt ˈɒf], [ ɹˈa‍ɪt ˈɒf], [ ɹ_ˈaɪ_t ˈɒ_f]

Synonyms for Write off:

How to use "Write off" in context?

When something costs money, it is known as a write-off. This term is used to indicate that the expense is not considered to be a financial burden and can therefore be written off as a loss. When a company or individual writes off an expense, it means that the cost is not recoverable through future income or other financial means.

There are a few different types of write-offs that a business can make. A write-off for a tangible asset, such as a machine or piece of furniture, can be recognized as a loss when the asset is sold or abandoned.

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