1 : to eliminate (an asset) from the books : enter as a loss or expense write off a bad loan. 2 : to regard or concede to be lost most were content to write off 1979 and look optimistically ahead — Money also : dismiss was written off as an expatriate highbrow — Brendan Gill.

Whats write-off means?

A write-off is an accounting action that reduces the value of an asset while simultaneously debiting a liabilities account. It is primarily used in its most literal sense by businesses seeking to account for unpaid loan obligations, unpaid receivables, or losses on stored inventory.

What does to write them off mean?

1. . to give up on turning someone or something into something. I had to write Jill off as a future executive. The company wrote off the electric automobile as a dependable means of transportation. He would never work out. We wrote him off.